P.O. Box 349, Augusta, ME 04332-0349    ●    toll free: (800) 451-9800    ●    local: (207) 512-3100  

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127th Maine
Legislative Session
2016 Legislative Update

2015 Legislative Update

ESG Task Force Progress Report
Prior Legislative
Session Information

2014 PLD Consolidated Plan Changes

2013 Program Evaluation Report

Proposed Plan 2 Implementation Report
 
Proposed Pension Plan Draft Legislation


New Pension Plan Design and Implementation Plan
Additional Pension Information and Reports

QuestionHave a question about legislation? Click here.


 
2017 Cost-of-Living Adjustment
 
 

On August 10, 2017, MainePERS Board of Trustees adopted the 1.6% Consumer Price Index - Urban Consumers (CPI-U) rate compiled by the U.S. Department of Labor’s Bureau of Labor Statistics on June 30, 2017, as the 2017 cost-of-living adjustment (COLA) for all pension plans to which it applies.

Eligible recipients will first see the COLA reflected in their September pension payment.

Eligible State/Teacher, Judicial, and Legislative retirement plan retirees will receive the 1.6% COLA on their benefit up to $21,474.70 (which is the 2017 base), or a maximum increase of $28.63/month.  The 2018 COLA-base will increase by 1.6%, to $21,818.30.  The total additional amount that will be paid to the eligible benefit recipients in these plans during the next 12 months as a result of the 2017 COLA is expected to be approximately $8,352,300.

Eligible Participating Local District – Consolidated Plan (PLD) retirees will receive a 1.6% COLA on their current benefit.  The total additional amount that will be paid to the eligible benefit recipients in this plan during the next 12 months as a result of the 2017 COLA is expected to be approximately $2,056,925.

You can read more about eligibility requirements and how your plan implements this COLA at
http://mainepers.org/2017 COLA.htm.  You can also call our office at 800-451-9800 and speak with one of our service representatives.

 


 Upcoming Rulemaking:  For information on upcoming rulemaking, click here.

I want to... RETIREES
...change my mailing address.
...change my tax exemptions/allowances.
...get health insurance information.
...return to work after retirement.
...know when my payment is deposited.
[see also FAQs.]

MEMBERS I want to...
...find out about my contributions and time.
...borrow money from my retirement.
...know when I can retire.
...learn about Social Security and MainePERS
...receive a refund of my contributions.
[see also FAQs.]

CAFR16
The 2016 Comprehensive
Annual Financial Report

is now available.
Click here to view.

   
2017 Calendar icon Retiree Benefit
Payment Calendar
 
Whatever your age,
it's the right time to
talk about retirement!
Info
Whether you are new to
retirement planning or
approaching your
retirement age, our online
Information Request page
offers you an easy way to
get the information you need.

Thinking Retiring
Savings
MaineSTART

SSAClick here to take the Social Security Administration's online survey about how they can best serve the American public.
 
 
 



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Information contained on this Web site is neither a legal reference nor a complete statement of the laws or MainePERS administrative rules. In any conflict between this information and Maine laws or administrative rules, the laws and administrative rules shall prevail.

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