An Act Regarding Penalties for Early Retirement for Certain Members of the Maine Public Employees Retirement System
Maine Legislature, Session 129, LD 1184
Committee Amendment CA_A_H244 (House)

COMMITTEE AMENDMENT "4,, to H.P. 858, L.D. 1184, Bill, "An Act 
Regarding Penalties for Early Retirement for Certain Members of the Maine Public 
Employees Retirement System" 
Amend the bill by striking out everything after the enacting clause and inserting the 
following: 
'Sec. 1. Reduction in early retirement penalty for certain state employees 
and teachers. Notwithstanding the Maine Revised Statutes, Title 5, section 17852, 
subsection 3-A or any other provision of law to the contrary, beginning October 1, 2019 
the reduction in the retirement benefit for a qualified member is 2.25% for each year that 
the qualified member's age precedes 62 years of age at retirement. 
As used in this section, "qualified member" means a member of the Maine Public 
Employees Retirement System who: 
1. Retired from service as a state employee between July 1, 2011 and January 1, 
2012 or as a teacher between July 1, 2011 and July 1, 2012; 
2. Had completed 25 or more years of creditable service upon retirement; 
3. Had neither 10 years of creditable service nor had reached 60 years of age with 
one year of creditable service immediately before July 1, 1993; and 
4. Had not attained 62 years of age as of retirement from service as a state employee 
or teacher. 
As used in this section, the terms "creditable service," "employee," "member," 
"retirement," "retirement benefit," "state employee" and 
11teacher
have the same meaning 
as in Title 5, section 17001. 
Sec. 2. Appropriations and allocations. The following appropriations and 
allocations are made. 
RETIREMENT SYSTEM, MAINE PUBLIC EMPLOYEES 
Retirement System - Retirement Allowance Fund 0085 
COMMITTEE AMENDMENT 
COMMITTEEAMENDMENT" A"toH.P. 858,L.D.1184 
Initiative: Provides one-time funds for the cost of the unfunded actuarial liability created 
as a result of permitting certain retired state employees and teachers who retired between 
July 1, 2011 and July 1, 2012 to have their retirement benefit recalculated based upon a 
2.25% per year early retirement reduction instead of the 6% reduction in current law 
prospectively beginning October 1, 2019. 
GENERAL FUND 
All Other 
GENERAL FUND TOTAL 
2019-20 
$5,800,000 
$5,800,000 
2020-21 
$0 
$0 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
SUMMARY 
This amendment is the minority report of the committee. 
This amendment makes clear that the change in the rate of the early retirement 
penalty for qualified members applies prospectively beginning October 1, 2019. 
The amendment also adds an appropriations and allocations section to fund the one-
time cost of the unfunded actuarial liability created as a result of the change in the rate of 
penalty for qualified members. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 04/16/19 ;rb/ac. 
LD 1184 
LR 1421(02) 
An Act Regarding Penalties for Early Retirement for Certain Members of the Maine Public 
Employees Retirement System 
, , 
Fiscal Note for Bill as Amended by Committee Amendment ,fi ( H- ':lY<f) 
Committee: Labor and Housing 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2019-20 
FY2020-21 
Projections 
FY 2021-22 
Projections 
FY 2022-23 
Net Cost (Savings) 
General Fund 
Appropriations/ Allocations 
General Fund 
Fiscal Detail and Notes 
$5,800,000 
$5,800,000 
$0 
$0 
$0 
$0 
$0 
$0 
This bill includes a one-time General Fund appropriation of $5,800,000 in fiscal year 2019-20 to the Retirement 
Allowance Fund within the Maine Public Employees Retirement System to fund the cost of the unfunded actuarial 
liability created as a result of permitting certain retired state employees and teachers who retired between July 1, 2011 
and July 1, 2012 to have their retirement benefit recalculated based upon a 2.25% per year early retirement reduction 
instead of the 6% reduction in current law prospectively beginning October 1, 2019. 
LR1421(02) - Fiscal Note - Page 1 of 1