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LD240 • 2025

An Act to Create Consistency in Retirement Service Benefits Deferral Under the Maine Public Employees Retirement System

An Act to Create Consistency in Retirement Service Benefits Deferral Under the Maine Public Employees Retirement System

Labor
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Senator Craig Hickman
Last action
2025-03-25
Official status
Signed by the Governor
Effective date
Not listed

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 Create Consistency in Retirement Service Benefits Deferral Under the Maine Public Employees Retirement System

An Act to Create Consistency in Retirement Service Benefits Deferral Under the Maine Public Employees Retirement System Sponsor: Senator Craig Hickman Reference committee: Labor Governor action: Signed by the Governor

What This Bill Does

  • An Act to Create Consistency in Retirement Service Benefits Deferral Under the Maine Public Employees Retirement System Sponsor: Senator Craig Hickman 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.

Bill History

  1. 2025-03-25 Governor

    Signed by the Governor

  2. 2025-03-20 House

    PASSED TO BE ENACTED . Sent for concurrence. ORDERED SENT FORTHWITH.

  3. 2025-03-20 Senate

    PASSED TO BE ENACTED , in concurrence.

  4. 2025-03-12 Committee

    Reported Out; OTP

  5. 2025-02-26 Committee

    Work Session Held

  6. 2025-02-26 Committee

    Voted; OTP

  7. 2025-01-16 Committee

    Referred to Committee on Labor.

Official Summary Text

An Act to Create Consistency in Retirement Service Benefits Deferral Under the Maine Public Employees Retirement System
Sponsor:
Senator Craig Hickman
Reference committee:
Labor
Governor action:
Signed by the Governor

Current Bill Text

Read the full stored bill text 
Page 1 - 132LR0870(02)
STATE OF MAINE
_____
IN THE YEAR OF OUR LORD
TWO THOUSAND TWENTY-FIVE
_____
S.P. 106 - L.D. 240
An Act to Create Consistency in Retirement Service Benefits Deferral Under
the Maine Public Employees Retirement System
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 5 MRSA §17851, sub-§17, as corrected by RR 2023, c. 1, Pt. A, §3, is
amended to read:
17. Member eligible to retire from plans with different normal retirement ages.
A member who meets eligibility requirements to retire from plans with different normal
retirement ages may retire and, at the election of the member, defer initiation of service
retirement benefits from any plan in which the benefits would be reduced because the
member has not reached normal retirement age. The deferral ends when the member
reaches normal retirement age for the plan. The election to defer is irrevocable and must
be made before payment of a service retirement benefit begins. Service retirement benefits
deferred under this subsection must be paid by the retirement system without an early
retirement reduction and without any retroactive payment for the deferral period. If the
member dies before the end of the deferral period, the deferral of benefits applies to any
continuing beneficiary payments for the same deferral period that would have been
applicable to the member. This subsection applies to a member with service credit from a
participating local district who retires under a plan in this chapter.
APPROVED
MARCH 25, 2025
BY GOVERNOR
CHAPTER
12
PUBLIC LAW