reglab/statecodes huggingface dataset:
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 103 - QUALIFIED DOMESTIC RELATIONS ORDERS › Section 411-103-14 - Death of an Alternate Payee Before Commencement of Payments Under a Qualified Domestic Relations Order

Current through 2024-29, July 17, 2024
When the System has not yet begun to make payment to an
				  alternate payee under section's and is provided with proof of the death of the
				  alternate payee, benefits payable with respect to the member or retiree will be
				  paid without regard to the qualified domestic relations order.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 103 - QUALIFIED DOMESTIC RELATIONS ORDERS › Section 411-103-15 - Form of Payment to Alternate Payee; Service Retirement Benefits

Current through 2024-29, July 17, 2024
1. When the interest awarded to an alternate
				payee by a qualified domestic relations order's distributed as a portion of a
				service retirement benefit, the System will pay the alternate payee an amount
				that is the actuarial equivalent of that interest in the form of an annuity
				payable in equal monthly installments for the life of the alternate payee when:
A. the qualified domestic relations order
				arises in or because of divorce; and
B. the qualified domestic relations order
				divides service retirement benefits between a member and her/his former spouse;
				and
C. the determination that the
				order is a qualified domestic relations order is made prior to the member's
				retirement.
D. Payment under this
				subsection shall be determined as follows:
(1) As of the date payment to the alternate
				payee is scheduled to begin, the System shall determine the single life annuity
				value of the retirement benefit payable to the member;
(2) If the portion of the benefit awarded to
				the alternate payee by the order is not clearly stated as a percentage of full
				benefits, the System shall determine the percentage of full benefits that is
				the equivalent to the benefit awarded to the alternate payee;
(3) The single life annuity value determined
				by the System shall be multiplied by the percentage of full benefits awarded to
				the alternate payee. The result of this calculation shall be actuarially
				converted to a single life annuity payable to the alternate payee for the
				lifetime of the alternate payee; and
(4) The benefit payable to the member shall
				be reduced by an amount equivalent to the value of the benefit payable to the
				alternate payee. Payment by the System of the alternate payee's interest as
				provided by this section has no effect on the right of a member to name a
				beneficiary or the right of a member to choose an optional method of payment
				upon retirement.
(5) Payment of the
				alternate payee's interest under this subsection will be effective as of the
				same date benefit payments are effective for the member.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 103 - QUALIFIED DOMESTIC RELATIONS ORDERS › Section 411-103-16 - Payments Made in Error

Current through 2024-29, July 17, 2024
1. If a member or
				retiree, or the beneficiary or estate of either receives any amount of a
				distribution that has been awarded to an alternate payee, the recipient is
				designated a constructive trustee for the amount received and shall immediately
				transmit such amount to the alternate payee.
2. If a alternate payee or the estate, heirs,
				or legatees of the alternate payee receives any amount of a distribution that
				should have been paid to a member or retiree, or the estate, heirs, or legatees
				of either, the recipient in designated a constructive trustee for the amount
				received and shall immediately transmit such amount to the member or retiree or
				other person to whom the amount should have been paid.
2. If a member, retiree, or the beneficiary,
				estate, heirs, or legatees of either receive any amount of a distribution that
				should not have been paid by the System, the recipient in designated a
				constructive trustee for the amount received and shall immediately transmit
				such amount to the System.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 103 - QUALIFIED DOMESTIC RELATIONS ORDERS › Section 411-103-17 - Effective Date of Maine Public Employees Retirement System Review of Orders

Current through 2024-29, July 17, 2024
1. After September
				1, 1992, the System will review domestic relations orders issued on and after
				March 27, 1992, to determine whether they are qualified domestic relations
				orders.
2. Any domestic relations
				order issued before March 27, 1992, will be reviewed after September 1, 1992,
				upon receipt by the System of the order and a written declaration signed by
				both parties that each consents to the application of 5 MRSA §§17059
				to 17061 and this chapter to the order.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 104 - LIMITATIONS ON EARNABLE COMPENSATION FOR PURPOSES OF CALCULATING AVERAGE FINAL COMPENSATION OF STATE EMPLOYEE AND TEACHER MEMBERS › Section 411-104-2 - APPLICABILITY

Current through 2024-29, July 17, 2024
1.
General Statement
. The
				provisions of this Chapter must be applied when computing average final
				compensation for a state employee or teacher member whose total membership
				period as a state/teacher member exceeds 1 year of creditable service subject
				to the following conditions:
A. For teacher
				members paid on a contract year basis, regular earnings are subject to the cap
				limitations when paid on a contract year basis after June 30, 1993 in
				accordance with
(1) an individual employment
				contract executed after June 30, 1993 or
(2) a collective bargaining agreement,
				including an addendum or amendment to a previous collective bargaining
				agreement, effective after June 30, 1993 unless the collective bargaining
				agreement was executed or ratified in its final form by final vote of one party
				to the agreement before July 1, 1993 or as a result of other action by the
				governing body of a school administrative unit before July 1, 1993.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 104 - LIMITATIONS ON EARNABLE COMPENSATION FOR PURPOSES OF CALCULATING AVERAGE FINAL COMPENSATION OF STATE EMPLOYEE AND TEACHER MEMBERS › Section 411-104-3 - APPLICATION OF THE 5% AND 10% CAP LIMITATIONS

Current through 2024-29, July 17, 2024
1.
				When regular earnings for Year 1 of the AFC period are subject to the cap
				limitation, the earnable compensation for this AFC year must equal the uncapped
				earnable compensation for Year 1 of the AFC period.
2. When regular earnings for Year 2 of the
				AFC period are subject to the cap limitations, the earnable compensation for
				this AFC year must equal the lower of the following:
A. the uncapped earnable compensation for
				Year 2 of the AFC period; or
B.
				105% of the earnable compensation of Year 1 of the AFC period.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 201 - REPORTING BY PARTICIPATING LOCAL DISTRICTS AND PUBLIC SCHOOLS › Section 411-201-1 - Payroll Reporting

Current through 2024-29, July 17, 2024
1. Payroll
				Reporting
A. Each reporting unit shall submit
				a payroll report to the Maine State Retirement System within 15 days after the
				end of each month. The report shall contain data relating to all payrolls paid
				during the month for which the payroll report is submitted and shall be in the
				format prescribed by the Executive Director.
B. A reporting unit which has not submitted a
				completed payroll report received by the Maine State Retirement System by the
				fifteenth day following the end of the month for which it is due may be charged
				interest on the total amount due that month and for every succeeding month that
				the payroll report is overdue. The interest charged shall not exceed the rate
				established for delinquent municipal taxes as set by the Treasurer of the State
				of Maine.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 202 - MEDICAL BOARD (Repealed) › Section 411-202-1 - ESTABLISHMENT OF THE MEDICAL BOARD

Current through 2024-29, July 17, 2024
1. The MainePERS
				Board of Trustees shall designate a Medical Board to provide advice,
				recommendations, assistance, and consultations to the MainePERS Executive
				Director or designee in accordance with Maine statutes. The Board may designate
				an entity that employs medical providers who constitute the membership of the
				Medical Board.
2. The Medical Board
				shall include medical providers from those fields of medicine within which
				MainePERS receives the greatest number of applications for disability
				retirement.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 202 - MEDICAL BOARD (Repealed) › Section 411-202-2 - CONSULTATIONS

Current through 2024-29, July 17, 2024
1. The Executive Director or designee shall
				obtain medical consultation from the Medical Board on each application for
				disability retirement unless the Medical Board notifies the Executive Director
				or designee that it lacks a medical provider qualified to review the case by
				specialty or experience and to whom the applicant is not known.
2. In the event that the Medical Board
				provides notification under subsection
				1, the Executive Director or designee
				may obtain medical consultation from any medical provider qualified to review
				the case by specialty or experience and to whom the applicant is not
				known.
3. The Executive Director or
				designee may obtain additional medical consultations, independent medical
				examinations, advice, and recommendations in accordance with Maine
				statute.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 204 - WAIVER OF MEMBER PAYMENT REQUIREMENT WHERE CAUSED BY EMPLOYER ERROR OR OMISSION › Section 411-204-1 - CRITERIA

Current through 2024-29, July 17, 2024
In order to safeguard and maximize the assets available for
				  the payment of retirement and related benefits, waivers will be granted under
				  5 M.R.S.
				  §17103(6) only in
				  extraordinary circumstances meeting each of the following criteria:
1. The member or retiree seeking the waiver
				did not cause or substantially contribute to the employer's error or
				omission;
2. The member or retiree
				seeking the waiver could not have prevented the employer's error or omission
				through reasonable actions;
3. The
				member or retiree seeking the waiver took reasonable steps to timely discover
				and mitigate the error;
4. The
				member or retiree seeking the waiver cooperated with any action that Maine PERS
				has taken to recover the payment from the employer;
5. Granting a waiver would not have a
				significant adverse effect on Maine PERS or any of the programs administered by
				Maine PERS; and
6. Failing to grant
				a waiver would cause a serious, not reasonably avoidable financial hardship to
				the member or retiree seeking the waiver. In making this determination, the
				following factors must be considered:
A. The
				total amount of the payment required;
B. The amount of each installment payment if
				the payment may be made over time;
C. The member or retiree's personal and
				family income, earning potential, and assets;
D. The amount required for the member or
				retiree to pay for living necessities; and
E. Whether the member or retiree received or
				will receive a benefit associated with the payment
				obligation.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 204 - WAIVER OF MEMBER PAYMENT REQUIREMENT WHERE CAUSED BY EMPLOYER ERROR OR OMISSION › Section 411-204-2 - WAIVER AMOUNT

Current through 2024-29, July 17, 2024
If a waiver is granted, the payment amount waived must be
				  limited to that necessary to avoid a serious financial hardship to the member
				  or retiree under the factors set forth in Section 1, subsection (6),
				  above.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 204 - WAIVER OF MEMBER PAYMENT REQUIREMENT WHERE CAUSED BY EMPLOYER ERROR OR OMISSION › Section 411-204-3 - PROCEDURE

Current through 2024-29, July 17, 2024
1. A request for a waiver must be submitted
				in writing to the Executive Director within 30 days after receiving notice of
				the payment obligation and the process for requesting a waiver. The request
				must be accompanied by documentary proof establishing the criteria set forth in
				Section 1.
2. The member or
				retiree seeking the waiver must fully cooperate with the Executive Director's
				review of the request and promptly provide any additional relevant information
				requested by the Executive Director.
3. The submission of a waiver request
				suspends the payment obligation until the Executive Director or the Executive
				Director's designee issues a written decision on the waiver request.
4. The Executive Director or the Executive
				Director's designee will issue a written decision on the waiver request. If the
				decision is a denial of the request, the member or retiree seeking the waiver
				may appeal to the Board of Trustees pursuant to
				5 M.R.S. §17451. The
				waiver request and any appeal of the request decision may be decided in
				conjunction with the determination of the underlying payment
				obligation.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 301 - INTEREST CALCULATIONS › Section 411-301-1 - Interest credited to members' accounts

Current through 2024-29, July 17, 2024
Interest will be credited to individual member accounts from
				  the date that the member contributions are received by the System at the rate
				  of regular interest established from time to time by the Board of Trustees.
				  Whenever member contributions are not received by the Maine State Retirement
				  System payroll filing deadline established by Chapter 201, interest will be
				  credited to the members' accounts as of the date of the payroll filing
				  deadline.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 301 - INTEREST CALCULATIONS › Section 411-301-2 - DEFINITIONS

Current through 2024-29, July 17, 2024
1. "Year" shall mean as follows:
A. Calendar year for State employees and
				employees of participating local districts; and
B. School contract year for teachers or State
				employees employed as teachers.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 301 - INTEREST CALCULATIONS › Section 411-301-3 - Interest charged for payments or repayments for creditable service time

Current through 2024-29, July 17, 2024
1. Determination of amount of interest due.
Interest will be charged at the rate established by the Board
				  of Trustees from time to time and the amount of interest due will be determined
				  as follows.
A. Withdrawn
				contributions: interest is charged on the amount of the withdrawn accumulated
				contributions from the date of withdrawal to the date of repayment.
B. Back contributions: interest is charged on
				the amount of contributions due from the end of the year in which the
				contributions should have been made to the date of payment.
C. Military service contributions: interest
				is charged on the amount of contributions due from the date of attaining 15
				years of creditable service to the date of payment. If the provision for the
				purchase of military service credit was unavailable to a PLD member at the time
				that 15 years of creditable service was attained, interest is charged from the
				date that the provision was first available to the date of payment.
D. Out-of-State Service: for member(s) who
				qualify to purchase service under §17754(1) or §18354(1), interest is
				charged on the amount of contributions due from the end of the year when the
				contributions would have been made if the service had been in the State to the
				date of payment.
E. Service in
				Private, parochial and other schools: for member(s) who qualify to purchase
				service under §17763(1) or §18362(1), interest is charged on the
				amount of contributions due from the end of the year when those contributions
				would have been made if the service had been as a State employee or teacher in
				this State to the date of payment.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 301 - INTEREST CALCULATIONS › Section 411-301-4 - Method of computation of interest

Current through 2024-29, July 17, 2024
When crediting interest to members' accounts and charging
				  interest for the purchase or repurchase of service, interest is compounded
				  monthly.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 302 - RETIREMENT INCENTIVES › Section 411-302-1 - Definitions

Current through 2024-29, July 17, 2024
A. Additional Actuarial Costs. For purpose of
				Section
				4 only, "additional actuarial costs"
				means the sum of dollars that represents the difference, expressed in present
				value terms, between the fully actuarially reduced benefit and the benefit
				actually payable on the member's early retirement date.
B. Early Retirement. "Early retirement" means
				retirement before normal retirement age with a reduced retirement benefit as
				governed by § 17852, sub- §§
									3 or 3-A,
				4(C) or
				4(C-1) or 10(C) or
				10(C-1); § 17857, sub-§ 3-A, § 18452, sub-§ 3; or §
				18462, sub-§
									3, in their form as of the effective
				date of this Chapter or as subsequently amended.
C. Early Retirement Incentive. "Early
				retirement incentive" means a retirement incentive offered and/or provided to a
				member who takes early retirement.
D. Employer. For purpose of Section
				4 only, "employer" means for State
				employees, the department or agency of state government by which the member was
				last employed prior to retirement; for teacher members, the local school
				administrative unit by which the member was last employed prior to retirement;
				and for participating local district employees, the district by which the
				member was last employed prior to retirement if that district was then in the
				Consolidated Plan or, if that district was not then in the Consolidated Plan
				but later joins the Consolidated Plan if a retirement Incentive is structured
				so that it imposes a cost on other districts under the Consolidated
				Plan.
E. Retirement Incentive,
				"Retirement incentive" means any significant payment or award, monetary or
				non-monetary, that is offered or provided by an employer to a member who Is
				eligible to retire or becomes eligible to retire as a result of the payment or
				award. This payment or award must be intended to induce or in fact induce the
				member's retirement, regardless of whether it is received prior or subsequently
				to the member's retirement. A bonus, stipend, longevity award, consideration
				for or in response to planned retirement, compensation in lieu of fringe
				benefits, compensation for sick or vacation leave, and/or other payment or
				award is a retirement incentive under this rule when it meets all of the
				criteria articulated in the first two sentences of this subsection.
All other terms used in this Chapter, unless the context
				  otherwise indicates, shall have the same definitions as in
				   5 MRSA
				  §17001.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 302 - RETIREMENT INCENTIVES › Section 411-302-2 - Applicability

Current through 2024-29, July 17, 2024
The reporting requirements on employers and retiring members
				  established in Section
				  3 of this rule apply to any retirement
				  incentive offered and/or provided after July 1, 1993. With respect to the
				  obligation for employers to pay certain additional actuarial and administrative
				  expenses relating to early retirement incentives, this rule is applicable to
				  all early retirement incentives offered and/or provided after July 1, 1993,
				  except for those offered and provided under and during only the initial term of
				  a collective bargaining agreement that was executed prior to July 1, 1993 or
				  ratified in its final form by final vote of one party to the agreement prior to
				  July 1, 1993.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 302 - RETIREMENT INCENTIVES › Section 411-302-3 - Reporting Requirements for Retirement Incentives

Current through 2024-29, July 17, 2024
A. Employer Requirements.
(1) All employers shall file with the Maine
				State Retirement System all documents and/or other information relating to the
				offering of and/or provision to any Maine State Retirement System member or
				group of members a retirement incentive as defined in Section 1 of this rule.
				The offering and/or provision of a retirement incentive by verbal or informal
				means in no way changes the obligation to file information about the offering
				and/or provision. The documents or information must be filed with the System
				within 10 days of the offering and/or provision of such an incentive. Upon
				request of the System, all details of the offered incentive shall be provided
				to the Maine State Retirement System.
(2) Whenever a member retires, the member's
				employer must certify in writing to the Maine State Retirement System that the
				employer has not offered any retirement incentive as defined in Section 1 of
				this rule to the employee that the employer has not previously disclosed in
				writing to the System.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 302 - RETIREMENT INCENTIVES › Section 411-302-4 - Employer Payment to Maine State Retirement System for Costs Relating to Early Retirement Incentives

Current through 2024-29, July 17, 2024
A. Additional
				actuarial costs. The additional actuarial costs that result from the early
				retirement of a member who has been offered and/or provided a retirement
				Incentive shall be paid to the Maine State Retirement System by the employer.
(1) Calculation of additional actuarial
				costs. The Maine State Retirement System shall determine the additional
				actuarial costs for which the employer is liable in individual situations as
				follows:
Step 1. The annual retirement benefit payable to the member
				  upon his or her early retirement date shall be calculated in accordance with
				  the governing provisions of the Maine State Retirement System statutes and
				  rules.
Step 2. The annual retirement benefit that would be payable
				  to the member on a fully actuarially reduced basis shall be calculated in
				  accordance with the actuarial equivalent early retirement reduction factors
				  prescribed by the System's consulting actuary and approved by the Board of
				  Trustees.
Step 3. The retirement benefit calculated in Step 2 shall be
				  subtracted from the retirement benefit calculated in Step 1.
Step 4. A present value factor shall be applied to the amount
				  determined in Step 3 to convert the annual benefit amount to a lump sum present
				  value dollar amount. This amount represents the additional actuarial cost
				  resulting from the early retirement of a member who has been offered a
				  retirement incentive.
(2)
				Payment of additional actuarial costs. The Maine State Retirement System shall
				bill the employer of retiring members who will receive or have received early
				retirement incentives for the additional actuarial costs as determined by the
				System in subsection 1 above. The bill must be accompanied by a statement of
				the basis of the costs identified in the bill and the supporting calculations.
				The employer must pay this amount to the Maine State Retirement System within
				30 days of receipt of the bill.
(3)
				Finality. All determinations of additional actuarial costs are subject to
				recalculation upon the actual retirement of the member and upon any subsequent
				recalculation of the member's early retirement benefit due to misreporting of
				member-specific information, error or any direction by the Board to recalculate
				a member's benefit. Any resulting change in additional actuarial costs would be
				paid or refunded, as appropriate, to the employer. Any administrative costs for
				recalculation of additional actuarial costs that is caused by actions of the
				employer shall be paid by the employer.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 303 - ACTUARIAL FACTORS TABLES › Section 411-303-1 - SCOPE

Current through 2024-29, July 17, 2024
This Chapter specifies the actuarial factors tables to be
				  used in administering the programs of the Maine Public Employees Retirement
				  System.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 303 - ACTUARIAL FACTORS TABLES › Section 411-303-2 - APPLICABILITY

Current through 2024-29, July 17, 2024
1. Since the inception of the Maine Public
				Employees Retirement System, upon the advice and recommendation of the System's
				actuaries and on an as-needed basis, the Board of Trustees has adopted
				actuarial factors tables as required for the administration of the various
				plans for which it is responsible at regularly scheduled, public, duly noticed
				Board meetings. Except for those events to which Chapter 510 applies, in
				relation to events with effective dates through September 30, 2001, the System
				shall use the following actuarial factors tables in making various actuarial
				calculations and determinations and in deriving other actuarial factors tables
				required for plan administration:
1. State
				Employee Unisex Table;
2. Teacher
				Unisex Table;
3. PLD Employee
				Unisex Table with COLA;
4. PLD
				Employee Unisex Table without COLA;
5. Option 1 Factors - Unisex Table;
6. Options 2 and 3 Factors Table;
7. Former "Option 4" (Current "Option 5")
				Factors Tables for Representative Percentage Splits for Benefits: 80/20 and
				90/10;
8. Option 4, 6, 7 & 8
				Factors Table for use through 9/30/01 for all employees except
				judges;
9. Option 4, 6, 7 & 8
				Factors Table for use through 9/30/01 for judges;
10. Table A - Single Life Annuity;
11. Table B - Joint Life Annuity;
12. QDRO Annuities Unisex with COLA and
				without COLA;
13. Normal
				Contribution Table - with COLA;
14.
				Normal Contribution Table - without COLA;
15. Table of Immediate Annuity Values - (PLD
				Employee Plan with COLA);
16. Table
				of Immediate Annuity Values - (PLD Employee Plan without COLA);
17. Table of Immediate Annuity Values -
				(Teacher);
18. Table of Immediate
				Annuity Values - (State employee);
19. Table of Annuity Values Per $1 Yearly
				Benefit, Payable Monthly - (Plan with COLA);
20. Table of Annuity Values Per $1 Yearly
				Benefit, Payable Monthly - (Plan without COLA);
21. Table to Calculate Cost of Earnable
				Compensation in Excess of Cap;
22.
				Unisex Generalized Non-Disabled Factor Table - (Plan with COLA);
23. Unisex Generalized Non-Disabled Factor
				Table - (Plan without COLA); and
24. Age Reduction Tables.
The above references to "state employee" include members of
				  the Legislative and Judicial Retirement Programs. These factors tables are
				  incorporated by reference into this Chapter and are attached for
				  reference.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 303 - ACTUARIAL FACTORS TABLES › Section 411-303-3 - BENEFIT DETERMINATION

Current through 2024-29, July 17, 2024
Effective as of July 1, 1989, all benefits payable by the
				  System will be determined based upon the actuarial tables provided in Section
				  2, as adopted by the Board of
				  Trustees. Such benefits are not subject to employer discretion.
APA Office Note: the tables are available from the
				  Maine Public Employees Retirement System.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 401 - MEMBERSHIP AND CREDITABLE SERVICE FOR STATE AND PARTICIPATING DISTRICT EMPLOYEES › Section 411-401-1 - State Employees Membership

Current through 2024-29, July 17, 2024
Membership in the Maine State Retirement System will be
				  compulsory upon date of employment for all State employees regardless of
				  employment classification or status, with the following exceptions:
A. Retired State employees drawing benefits
				under the System (except as provided by 5 MRSA, Section17855 ], Judges and
				Justices of the Court System, members of the Legislature [except as provided by
				3 MRSA, §801 ) and persons appointed to state boards as defined in 5 MRSA,
				§12002, sub-§ 1 (see 5 MRSA, §12003-A, sub-§ 7 ) may not be
				members.
B. Persons receiving per
				diem compensation only are not eligible for membership under the
				System.
C. Membership will be
				optional for elected officials and officials appointed for fixed
				terms.
D. Persons employed by state
				operated schools in which they are enrolled as full-time students are not
				eligible for membership in the Maine State Retirement System.
E. Persons on active duty with the Maine
				National Guard upon being called by the Governor and whose salaries are paid by
				the State are not eligible for membership in the Maine State Retirement System
				unless already members as state employees or public school teachers. Such
				persons who are members of the Retirement System as state employees or public
				school teachers shall not have contributions deducted from their National Guard
				salaries but shall be granted creditable service when they pay the appropriate
				contributions directly to the Maine State Retirement System after verification
				of time served and total earnings.
F. Persons employed by the Maine Technical
				College System ["MTCS"] as adjunct faculty members on a project basis to work
				as instructors either in MTCS instructional programs or in customized training
				projects based upon contracts between the MTCS and private employers are not
				eligible for membership in the Maine State Retirement System.
G. Membership in the System for teachers who
				are State employees, unless otherwise ineligible for membership, shall be
				subject to Chapter 404, section 1, of the Retirement System rules.
H. Persons hired to respond to a natural
				disaster are not eligible for membership.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 401 - MEMBERSHIP AND CREDITABLE SERVICE FOR STATE AND PARTICIPATING DISTRICT EMPLOYEES › Section 411-401-2 - State Employees Creditable Service before July 1, 1991

Current through 2024-29, July 17, 2024
A. Permanent - From beginning date to ending
				date.
B. Seasonal and Part-time -
				Members whose employment is on an average of 20 hours per week for a 50-week
				period per year will receive one full year of credit. If employment is on an
				average of less than 20 hours per week for a 50-week year, credit will granted
				on the basis of the number of days worked times 1.6, converted to years, months
				and days.
C. Intermittent Permanent
Intermittent Seasonal
The employees in these classifications will receive
							 credit on the following basis: Actual number of days worked times 1.6,
							 converted to years, months and days.
Intermittent Project
Limited Period
Project
Part-time Limited Period
Part-time Project
Part-time Seasonal
Legislative Employees
D. Elected Officials (Legislators)-From date
				session begins to end of biennium, if does not resign. 5 terms = 10 years [See
				5 MRSA, Section17758, subsection 1 ].
E. Appointed Officials [Department Heads] -
				Time granted is based on the status of position; that is, permanent, limited,
				etc.
F. Teachers in State
				Institutions - Creditable service for teachers who are State employees shall be
				based upon Chapter 404, section 2, of the rules of the Retirement
				System.
G. Appointments - Regular,
				provisional, emergency, temporary, etc. - Time is based on the position status;
				that is, permanent, part-time, etc.
H. Employees for which no employee record
				exists (after 7/1/142) and which the beginning and ending dates cannot be
				verified by the department (Highway Department), time is granted as follows:
If gross earnings are
but less than
amount of credit is
1
50
15 days
50
100
1 month
100
200
2 months
200
300
3 months
300
400
4 months
400
500
5 months
500
600
6 months
600
700
7 months
700
800
8 months
800
900
9 months
900
1,000
10 months
1,000
1,100
11 months
1,100
or more
1 year
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 401 - MEMBERSHIP AND CREDITABLE SERVICE FOR STATE AND PARTICIPATING DISTRICT EMPLOYEES › Section 411-401-3 - State Employees Creditable Service After June 30, 1991

Current through 2024-29, July 17, 2024
A. State employees whose creditable service
				was determined by subsections D, F and H of section 2 before July 1, 1991,
				shall continue to be covered by those subsections.
B. Except as provided by subsection C, all
				other employees shall earn creditable service on the following basis:
(1) For purposes of this subsection, a
				"full-time employee" is an employee who worked, in the pay periods covered by a
				payroll report, 100% of the regularly scheduled standard hours prescribed by
				the employer for employees in the same class and agency. However, if the
				employer prescribes less than 35 or more than 40 regularly scheduled standard
				hours per week for an employee class, for purposes of this rule, the employer
				shall be considered to have prescribed 35 and 40 regularly scheduled standard
				hours per week, respectively, for a full-time employee in that class.
(2) Full service credit for the pay periods
				covered shall be granted to a member who works, in the pay periods covered by a
				payroll report, 100% of the hours worked by a full-time employee.
(3) A member who works less than 100% of the
				hours worked by a full-time employee, in the pay periods covered by a payroll
				report, shall be granted creditable service equal to the ratio of hours worked
				by the member to 100% of the hours worked by a full-time employee.
(4) Regardless of subsections 2 and 3, a
				member shall continue to accrue creditable service while on a leave of absence
				without pay of up to a month's duration each year. The member shall accrue
				creditable service during the leave of absence at the same rate creditable
				service was accrued during the six months prior to the commencement of the
				leave of absence.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 401 - MEMBERSHIP AND CREDITABLE SERVICE FOR STATE AND PARTICIPATING DISTRICT EMPLOYEES › Section 411-401-4 - Participating District Employees Membership

Current through 2024-29, July 17, 2024
A. Prior to
				July 1, 1984, participating district employees who are less than full-time,
				regular, will be permitted membership in the Maine State Retirement System on
				the basis of personnel rules or regulations which have been adopted by the
				participating local district, if such rules or regulations do not conflict with
				existing statutes or legal opinions.
B. The following provisions shall apply to
				employees of participating local districts hired on or after January 1, 1987:
(1) Regardless of employment status, an
				employee shall be a member of the Retirement System from the first day of
				employment if his job description is one that would require him to work more
				than 15 hours per week and accumulate at least 720 hours in a period of 12
				consecutive months. "First day of employment" shall mean the first day on which
				the employee reports for work.
(2)
				Regardless of his job description or if no job description exists, any employee
				who has worked more than 15 hours per week and has accumulated at least 720
				hours in a period of 12 consecutive months shall become a member of the
				Retirement System as of the first day of the first pay period following the end
				of the 12 month period.
(3) In the
				case of employees who share a job whose description would require membership,
				each employee shall be a member of the Retirement System regardless of the
				number of hours worked.
(4) Any
				employee who accumulates more than 1,170 hours in 18 consecutive months or less
				shall become a member of the Retirement System as of the first day of the first
				pay period following the end of the 18 month period.
(5) Any employee who must become a member of
				the Retirement System pursuant to paragraphs 2 or 4 shall have the option of
				purchasing creditable service time back to the beginning of the 12 month period
				described in paragraph 2 or the 18 month period described in paragraph
				4.
(6) Upon qualifying for
				membership in the Retirement System under this rule, an employee shall become
				and remain a member, regardless of the number of hours worked, as long as that
				employee works for the same employer. Only an employee who terminates
				employment, withdraws his accumulated contributions, and does not return to
				employment with the same employer within two (2) years from the date on which
				he was last employed, must requalify for membership under this rule.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 401 - MEMBERSHIP AND CREDITABLE SERVICE FOR STATE AND PARTICIPATING DISTRICT EMPLOYEES › Section 411-401-5 - Participating District Employees Creditable Service

Current through 2024-29, July 17, 2024
Except as provided in section 2-A(C) and (D), creditable
				  service for participating local district employees will be granted on the same
				  basis granted for State employees; that is, the classification of the local
				  district will govern the length of service granted in the same manner as for
				  State employees.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 401 - MEMBERSHIP AND CREDITABLE SERVICE FOR STATE AND PARTICIPATING DISTRICT EMPLOYEES › Section 411-401-6 - Applicability

Current through 2024-29, July 17, 2024
A. Except as provided in Section 3, the above
				rules and regulations shall apply to membership and creditable service rendered
				for State employees and employees of participating local districts after
				January 1, 1978.
B. Creditable
				service rendered by members classified as intermittent permanent, intermittent
				seasonal, intermittent project, limited period, part-time limited period,
				project, part-time project, part-time seasonal, legislative employees and
				teachers in State institutions prior to January 1, 1978, will be on the same
				basis as granted subsequent to this date.
C. Creditable service rendered by seasonal
				and part-time permanent employees prior to January 1, 1978, will be granted on
				the basis of M.S.R.S. procedures in effect before January 1, 1978.
D. These regulations apply only to members
				(State and Participating District) on January 1, 1978, and does not include
				those retired on or before that date.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 404 - MEMBERSHIP AND CREDITABLE SERVICE - PUBLIC SCHOOL TEACHERS › Section 411-404-2 - Teachers Creditable Service Before July 1, 1991

Current through 2024-29, July 17, 2024
1. Regular, full-time teachers paid a full
				contract will be given credit for a full year.
2. Substitutes - service credit is granted
				based upon the number of days worked pro-rated against 180 days, and the
				resulting portion of a year of service is earned.
3. Tutors, Adult Education and Part-time
				Teachers - service credit is granted based upon the number of hours worked
				pro-rated against 900 hours, and the resulting portion of a year of service is
				earned.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 404 - MEMBERSHIP AND CREDITABLE SERVICE - PUBLIC SCHOOL TEACHERS › Section 411-404-3 - Teachers Creditable Service After June 30, 1991

Current through 2024-29, July 17, 2024
1. Creditable service will be granted to
				teachers paid on a contractual or daily basis as follows:
A. For purposes of this sub-section, a
				"full-time teacher" is a teacher who worked, in the pay periods covered by a
				payroll report, 100% of the regularly scheduled standard days prescribed by the
				employer for employees in the same class and school administrative unit. For
				the purpose of this paragraph, "full-time" must be at least 180 days.
B. Full service credit for the periods
				covered shall be granted to a teacher who works, in the pay periods covered by
				a payroll report, 100% of the days worked by a full-time teacher.
C. A teacher who works less than 100% of the
				days worked by a full-time teacher, in the payroll periods covered by a payroll
				report, shall be granted creditable service equal to the ratio of days worked
				by the teacher to 100% of the days worked by a full-time teacher.
D. Notwithstanding sub-sections B and C, a
				teacher shall continue to accrue creditable service while on a leave of absence
				without pay of up to 15 work days duration each year. If a teacher's regularly
				scheduled work year exceeds 180 days, the number of days in the previous
				sentence shall be increased to the number of days that would equal one month
				(i.e., .083 of one year) of creditable service.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 404 - MEMBERSHIP AND CREDITABLE SERVICE - PUBLIC SCHOOL TEACHERS › Section 411-404-4 - Creditable Service for administrative, supervisory or extracurricular activities or duties

Current through 2024-29, July 17, 2024
Creditable service will granted to teachers for
				  administrative, supervisory or extracurricular activities or duties that are
				  activities and duties in addition to and compensated separately from the
				  primary teaching position as follows:
1. For positions compensated by an hourly
				rate of pay, service is granted based upon the number of hours worked pro-rated
				against 900, and the resulting portion of a year of service is
				earned.
2. For positions
				compensated by a set rate (i.e., stipend), service in the amount of 2 months
				and 20 days (i.e., .222 of one year) is granted.
3. A member may request that a different
				amount of service credit be granted. The request must be filed with the
				Retirement System within the school year during which the services are
				rendered. A different amount will be granted only if and to the extent that
				regularly-kept records of the member's employer detailing time worked in the
				position demonstrate that the member is entitled to a different amount. The
				member's employer must certify the accuracy of the records.
4. In no case will a member be granted more
				than one year of service credit in a year.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 404 - MEMBERSHIP AND CREDITABLE SERVICE - PUBLIC SCHOOL TEACHERS › Section 411-404-5 - Applicability

Current through 2024-29, July 17, 2024
1. The above rules and regulations shall
				apply to membership and creditable service rendered for all public school
				teachers after September 1, 1978.
2. Creditable service rendered by tutors,
				substitutes and adult education teachers prior to September 1, 1978, will be
				granted on the basis of retirement system procedures in effect before September
				1, 1978.
3. This rule applies to
				public school teachers who are members on and after September 1, 1978, and does
				not apply to those retired on or before that date.
Code of Maine Rules › 94 - INDEPENDENT AGENCIES › 411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS) › Chapter 406 - PAYMENT OR REPAYMENT OF CONTRIBUTIONS AND INTEREST FOR THE PURCHASE OF CREDITABLE SERVICE › Section 411-406-1 - DEFINITIONS

Current through 2024-29, July 17, 2024
1.
Current employer
."Current
				employer" means:
A. The same Maine Public
				Employees Retirement System ("Maine PERS") employer as the one by which the
				member is currently employed; or
B.
				For State employees and teachers (as defined in 5 M.R.S. §§17001(40)
				and 17001(42), respectively), the State of Maine or a Maine public school;
				or,
C. For a Legislator, as defined
				in 3 M.R.S. §701(11), the Legislature; or
D. For a Judge, as defined in 4 M.R.S.
				§1201(12), the Maine Judicial Branch; or
E. For a participating local district (PLD)
				employee employed in a PLD in the Consolidated Plan, any PLD that is in the
				Consolidated Plan.