An Act to Clarify the Setting of Group Life Insurance Coverage Levels Under the Maine Public Employees Retirement System

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act to Clarify the Setting of Group Life Insurance Coverage Levels Under the Maine Public Employees Retirement System

An Act to Clarify the Setting of Group Life Insurance Coverage Levels Under the Maine Public Employees Retirement System Sponsor: Representative Amy Roeder Reference committee: Labor Governor action: Signed by the Governor

What This Bill Does

• An Act to Clarify the Setting of Group Life Insurance Coverage Levels Under the Maine Public Employees Retirement System Sponsor: Representative Amy Roeder Reference committee: Labor Governor action: Signed by the Governor

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

An Act to Clarify the Setting of Group Life Insurance Coverage Levels Under the Maine Public Employees Retirement System
Sponsor:
Representative Amy Roeder
Reference committee:
Labor
Governor action:
Signed by the Governor

Current Bill Text

Page 1 - 132LR2784(02)
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-SIX
_____
H.P. 1352 - L.D. 2022
An Act to Clarify the Setting of Group Life Insurance Coverage Levels
Under the Maine Public Employees Retirement System
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 5 MRSA §17001, sub-§3-A, as amended by PL 1993, c. 386, §1, is further
amended to read:
3-A. Annual base compensation. "Annual base compensation" means a member's
gross compensation, based upon amounts reported by the member's employer on the
member's earnable compensation in the previous year's federal wage and tax statement,
year that is used the first day of each April for setting the amount of coverage prior to
retirement for participants in the group life insurance program administered by the board,
except that, in a member's first year of hire or for a participant who is not a member, "annual
base compensation" means the expected annual earnable compensation of a participant as
reported by the participant's employer in a manner specified by the chief executive officer.
APPROVED
MARCH 19, 2026
BY GOVERNOR
CHAPTER
562
PUBLIC LAW