HP0646
LD 927
Session - 127th Maine Legislature
 
LR 877
Item 1
Bill Tracking, Additional Documents Chamber Status

An Act To Remove the Age Penalty for State Retirees Working at Institutions That Are Closing

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 5 MRSA §17852, sub-§3-B,  as enacted by PL 2011, c. 380, Pt. T, §19, is amended to read:

3-B. Member with creditable service of 25 years or more whether or not in service at retirement; fewer than 5 years of creditable service on July 1, 2011.  The amount of the service retirement benefit for members qualified under section 17851, subsection 3 is computed in accordance with subsection 1, except that the benefit is reduced by 6% for each year that the member's age precedes 65 years of age. This subsection does not apply to a member who qualifies under section 17851, subsection 3 with creditable service of 25 years on July 1, 2015, who has not reached the age of 61 years, 6 months, one day and for whom the amount of service retirement benefit is computed in accordance with subsection 1 if:
A The member is or was employed at a state facility over 100 miles from the nearest facility in the same department; and
B The facility in paragraph A has closed or is scheduled to close during the member's employment.

summary

This bill removes the reduction of 6% of the benefits of a member of the Maine Public Employees Retirement System for each year under the age of 65 of the member if the member:

1. Has 25 years of creditable service;

2. Has not reached the age of 61 years, 6 months and one day; and

3. Is or was employed at a state facility over 100 miles from the nearest facility in the same department and that facility has closed or is scheduled to close during the member's employment.


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