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

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2018 Cost-of-Living Adjustment (COLA) 
 
 PLD Consolidated Plan Recipients: 

 Regular COLA increases continue in 2018:
 
WHO: Those receiving a monthly PLD benefit and are eligible for COLA in 2018.
   
WHAT: Permanent Increase to Monthly Benefit
   
WHEN: Paid as a part of your monthly benefit, beginning September 2018.
   
HOW: 2.5% paid on the eligible retiree’s current benefit.
   
   

If you are covered by a PLD retirement plan that includes COLA, you are eligible for a COLA equal to any increase in the Consumer Price Index for All Urban Consumers (CPI-U) up to 2.5% after you have been retired for at least 12 months.

   
 
 State/Teacher, Legislative and Judicial Plan Recipients:

 2018 COLA Increases:
 
WHO: Those receiving a monthly State/Teacher, Legislative or Judicial benefit and are eligible for COLA in 2018.*
WHAT: Permanent Increase to Monthly Benefit
   
WHEN:  Paid as a part of your monthly benefit, beginning September 2018
   
HOW: 2.9% paid on first $21,818.30 of benefit.
   
*

Normal Retirement Age 60:  Your effective date of retirement must have been on or before September 1, 2017.

Normal Retirement age 62 or 65:  You must have reached your normal retirement age by August 31, 2017 and your effective date of retirement must have been on or before September 1, 2017.

   
If you are eligible for a COLA, your benefit will increase by 2.9% on the first $21,818.30 of your annual benefit. This is a permanent increase in your benefit. For example, if your annual benefit is $25,000, your benefit will increase by $632.73 ($21,818.30 multiplied by 2.9%) for a total of $25,632.73.

The $21,818.30 COLA base will be adjusted each year going forward for any COLA paid. For example, the COLA base in 2019 will be the 2018 base of $21,818.30 plus the 2.9% COLA, for a new COLA base of $22,451.03.
 

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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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