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ME LD1218
Bill
Status
4/29/2025
Primary Sponsor
Jeffrey Timberlake
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AI Summary
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County commissioners who are members of the Maine Public Employees Retirement System (MainePERS), have previously served in the Legislature, and are eligible for the Legislative Retirement Program may elect to switch retirement plans
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Eligible commissioners must submit a written election to MainePERS within 90 days of the law's effective date or assuming office as commissioner, whichever is later
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All previously accrued MainePERS contributions as a county commissioner transfer to the Legislative Retirement Program, and all future contributions are directed to that program
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Service as a county commissioner counts as creditable service under the Legislative Retirement Program for those who make the election
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Board of Trustees of MainePERS must adopt rules establishing the election process, transfer procedures, county coordination, and guidance on financial and legal implications for commissioners
Legislative Description
An Act to Allow Certain County Commissioners Who Are Maine Public Employees Retirement System Members to Switch to the Legislative Retirement Program
State Retirement System
Last Action
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
4/29/2025