Loading chat...
ME LD1236
Bill
Status
5/27/2025
Primary Sponsor
Amy Roeder
Click for details
AI Summary
-
Establishes a special retirement plan effective October 1, 2025 for firefighters employed by the Department of Defense, Veterans and Emergency Management at Bangor International Airport
-
Allows eligible firefighters to retire after completing 25 years of creditable service regardless of age
-
Sets retirement benefit at 50% of average final compensation, plus an additional 2% for each year of service beyond the 25-year qualification period
-
Requires employee contribution rate of 8.65% of earnable compensation until completing 25 years of service, then 7.65% thereafter
-
Applies to firefighters employed at Bangor International Airport on or after July 1, 1998, contingent on the Federal Government paying the full employer cost of participation
Legislative Description
An Act to Address Employee Retention of State Employees Who Are Firefighters at Bangor International Airport
State Retirement System
Last Action
CARRIED OVER, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.
6/25/2025