for Employers of Maine Public
Employees Retirement System
LIFE INSURANCE -- More Coverage at Better
|On April 1, 2008, MainePERS Group Life Insurance
premiums for supplemental rates will be more attractive for many eligible
participants. MainePERS is shifting to age-based supplemental rates. April 1st
is also when employers make any group life insurance participant level changes
based on annual compensation.
Supplemental rates are for coverage in addition to
the Basic level of group life insurance. Eligible participants can purchase
additional coverage in amounts of up to three times their Basic level of
coverage. For an employee earning $30,000, Supplemental 3 coverage means an
additional $90,000 of coverage or $120,000 total group life coverage.
||The cost for purchasing this additional $90,000 of
coverage depends on the person's age and Employer Plan. Click
additional information on group life insurance and age-based supplemental rates.
MainePERS Group Life Insurance participants who
wish to increase their supplemental coverage may contact the MainePERS Survivor
Services unit by phone or e-mail to start the Evidence of Insurability (EOI)
MainePERS offers training for payroll personnel at
our main office in Augusta. Both the full and half-day trainings cover forms and
reporting requirements. The full-day training also includes an overview of
MainePERS Retirement, Disability, Group Life Insurance, Survivor Benefits and
To register for one of our Wednesday training
sessions, contact the Employer Services Unit at (207) 512-3200,
or toll-free at 1-800-451-9800. Full-day trainings are from 8:30am - 3:00pm and
half-day trainings are from
8:30am - 1:00pm.
Teacher and School Support
Participating Local District
|February 13, 2008
||February 27, 2008
|May 14, 2008
||May 28, 2008
|August 6, 2008
||August 20, 2008
|November 19, 2008
||October 22, 2008
|April 16, 2008
||March 12, 2008
|July 30, 2008
||June 11, 2008
|October 15, 2008
||November 12, 2008
2008 PAYROLL REPORTING DUE DATES
Employer payroll reports and payments for defined
benefit plans are due no later than 15 days after the end of each month. The due
date is advanced to the next business day in instances when the 15th of the
month falls on a weekend or holiday. The due dates for 2008 are:
Every six months, your MainePERS
Services Technician will send a summary of common reporting
Teacher employers received their first
round of communications in November 2007. PLD employers will receive
their first round in March of 2008.
Employers who have debit or credit balances with
MainePERS receive monthly statements. In 2008, MainePERS will begin
automatically applying employer credits to existing debits. In addition, debit
and credit memos will be included with the monthly statement. Look for this
change on the February statement.
Hiring MainePERS Retirees
Certain restrictions apply to MainePERS members who
retire before Normal Retirement Age (NRA) and return to work for the “same”
State or teacher retirees returning to work for the
“same” employer means employment in any position covered under MainePERS
State/Teacher plan For Participating Local District (PLD) retirees, “same”
employer means employment in a covered capacity with any PLD employer in the
Consolidated Plan. This standard also applies to PLD retirees who retire from
and return to work with a PLD that is not part of the Consolidated Plan.
When hiring a MainePERS retiree who is below Normal
Retirement Age please keep the following in mind:
• Employees must terminate
employment in order to receive a retirement benefit.
• Employers cannot discuss
rehiring the prospective retiree prior to termination.
• Retirees may not return to
work in a MainePERS covered position for at least 30 calendar days after
retirement, or before the effective date of their retirement.
• Retiring employees must
certify to MainePERS that they have met all these requirements.
Retirees working in a MainePERS covered position
who are below their NRA must meet the following conditions:
• Services are intermittent,
on-call or in a non-permanent, interim assignment.
▪ Employer’s ordinary
business operations depend on the services
▪ Services do not exceed 60
days in one year. “Year” is the calendar, fiscal or school year
that is basis for payment. A day for hourly employees is eight hours; and
one day if they
are paid on a per diem basis. A day is one full-time work day if pay is
based on an annual
rate. Each stipend position (e.g. athletic coach) is considered 60 work
MainePERS employers must establish whether any
employee is a retiree returning to work and report the earnings. Failure to
comply with these requirements may result in a $300 penalty for each instance of
noncompliance. Please contact Employer Services for further details on reporting
retirees returned to work.
Reporting working group
The Employer Reporting Working Group held
their first meeting in November. The group includes both Teacher and
Participating Local District (PLD) employers of varying sizes. Work in
2008 will focus primarily on reporting and training needs in preparation
for a new benefit administration system with meetings held on a