Loading chat...

ME LD1611

Bill

Official Source

Status

Enrolled

6/3/2025

Primary Sponsor

Julia McCabe

Click for details

Origin

House of Representatives

132nd Legislature

AI Summary

  • Reduces the required contribution rate for the State Employee and Teacher Retirement Program from 7.65% to 6.2% of earnable compensation
  • Applies to all members of the retirement program
  • Takes effect July 1, 2026
  • Amends 5 MRSA §17701-B, which has governed member contributions since July 1, 1993

Legislative Description

An Act to Decrease the Retirement Contributions Required for Teachers and State Employees

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

Committee Referrals

Labor4/11/2025

Full Bill Text

No bill text available