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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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Information Regarding approved & PENDING changes to the
Participating local district (PLD) consolidated plan

 

 

Welcome to the information section of our website regarding the recent changes made to the PLD Consolidated Retirement Plan.

The MainePERS Board of Trustees approved changes to the PLD Consolidated Retirement Plan at its meetings on May 10, 2018, and September 13, 2018. Information specific to the adopted changes can be found by clicking on the icons pictured below.

These changes were developed to strengthen the well-funded Plan against risks such as low-performing or volatile financial markets that can erode the funding.  Briefings were held on the proposed changes around the state during the fall of 2017. Additional outreach sessions on the retire-rehire provisions were offered in June 2018.

During the implementation of these changes, MainePERS identified items that need clarification or refinement and, upon approval from the PLD Advisory Committee, is submitting a proposed rule amendment to the Board of Trustees for their consideration through the rulemaking process. Click here for the Notice of Public Hearing scheduled for 1:00 p.m. on May 9, 2019 in the MainePERS Board Room at 139 Capitol Street, Augusta, Maine.

 

PLD Plan Changes


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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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