Bill > LD137

This bill expands the 1998 Special Retirement Plan of the Maine Public Employees Retirement System to include employees of the Office of Chief Medical Examiner within the Department of the Attorney General. Specifically, employees in this office who are working on or hired after October 1, 2025, will be eligible for special retirement benefits, which allow them to retire at age 55 with 10 years of creditable service or retire before 55 with 25 years of creditable service. The bill ensures that the service retirement benefit for these employees will be computed based on all of their creditable service, regardless of when that service was earned. If a member has fewer than 10 years of creditable service as of July 1, 1993, their retirement benefit will be reduced by 6% for each year their age is below 55. During their first 25 years of creditable service, these employees will contribute 8.65% of their earnable compensation to the retirement program, and 7.65% thereafter. This change provides these specialized medical examiner employees with retirement benefits similar to other public safety and specialized state employees.

Labor and Employment

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=137&snum=132