Bill > LD794

This bill amends the Maine Public Employees Retirement System to include judicial marshals in the 1998 Special Plan, a retirement benefits program with specific eligibility and contribution rules. Specifically, the bill adds judicial marshals employed on or after October 1, 2025, to the special retirement plan, allowing them to qualify for service retirement benefits under certain conditions. To qualify, a judicial marshal must either be at least 55 years old with 10 years of creditable service or have completed 25 years of creditable service. The bill also establishes how their retirement benefits will be calculated, including potential reductions based on age and years of service prior to July 1, 1993. Judicial marshals will contribute 8.65% of their earnable compensation to the retirement program until they complete 25 years of creditable service, after which their contribution rate drops to 7.65%. Additionally, the Maine Public Employees Retirement System is required to submit a report to the Legislature by December 3, 2025, detailing the number of judicial marshals enrolled in the plan and potential legislative recommendations.

Labor and Employment

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=794&snum=132