Maine LD 86: An Act To Improve Retirement Security for Retired Public Employees

LD 86 (subjects: PUBLIC EMPLOYEES RETIREMENT SYSTEM , BENEFITS )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=86&PID=1456&snum=127


Sponsors | Actions | Bill Text & Amendments | Patterns of Support


Sponsors

Principal Sponsor: Rep. Roger Sherman of Hodgdon: (R – District 144) — e-mail | Facebook

5 Cosponsors:

Actions

Chamber

Action
1/20/2015 House Committee on Appropriations and Financial Affairs suggested and ordered printed.
The Bill was REFERRED to the Committee on APPROPRIATIONS AND FINANCIAL AFFAIRS.
Sent for concurrence. ORDERED SENT FORTHWITH.
1/22/2015 Senate On motion by Senator Hamper of Oxford, REFERRED to the Committee on Appropriations and Financial Affairs, in concurrence.
6/30/2015 House Reports READ.
On motion of Representative ROTUNDO of Lewiston, the Majority Ought to Pass as Amended Report was ACCEPTED.
ROLL CALL NO. 403
(Yeas 99 – Nays 47 – Absent 5 – Excused 0)
The Bill was READ ONCE.
Committee Amendment “A” (H-502) was READ and ADOPTED.
Under suspension of the rules, the Bill was given its SECOND READING without REFERENCE to the Committee on Bills in the Second Reading.
The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment “A” (H-502).
Sent for concurrence. ORDERED SENT FORTHWITH.
6/30/2015 Senate PASSED TO BE ENACTED – Emergency – 2/3 Elected Required, in concurrence.
6/30/2015 Senate Reports READ
On motion by Senator HAMPER of Oxford The Majority Ought to Pass As Amended Report ACCEPTED , in concurrence.
READ ONCE
Committee Amendment “A” (H-502) READ and ADOPTED , in concurrence.

Under suspension of the Rules, READ A SECOND TIME PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment “A” (H-502) , in concurrence.
Sent forthwith to the Engrossing Division.
6/30/2015 House PASSED TO BE ENACTED.
Sent for concurrence. ORDERED SENT FORTHWITH.

Bill Text & Amendments

Important Note: The bill text below presents L.D. 86 as originally introduced. L.D. 86 was changed by the legislature through amendment. To understand the impact of this legislation in proper context, be sure to read adopted amendment text, available here: C-A (H-502) .

An Act To Improve Retirement Security for Retired Public Employees

Emergency preamble. Whereas, acts and resolves of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and

Whereas, cost-of-living adjustments are applied to the applicable portion of an eligible retiree’s benefit amount beginning in September of each year; and

Whereas, this legislation requires a retroactive adjustment to the cost-of-living increase applied to the eligible portion of a retiree’s benefit in September 2014; and

Whereas, this legislation may impact the percentage increase to be applied to the applicable portion of an eligible retiree’s benefit amount beginning in September 2015; and

Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,

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

Sec. 1. 5 MRSA 17806, sub- 1, A-2 is enacted to read:

A-2. Notwithstanding paragraphs A and A-1, for cost-of-living adjustments awarded in fiscal year 2014-15, fiscal year 2015-16 and fiscal year 2016-17 only, the board shall automatically make a percentage increase in retirement benefits of no less than 2.55% and no more than 3%. The increase applies to that portion of the retirement benefit up to $20,000, which amount must be indexed in subsequent years by the same percentage adjustments granted under this paragraph.

Sec. 2. Adjustment to September 2014 cost-of-living increase to retirement benefits. Notwithstanding any other provision of law, the cost-of-living percentage applied to retirement benefits in September of 2014 must be adjusted to reflect a cost-of-living percentage of 2.55%. The Executive Director of the Maine Public Employees Retirement System shall determine the additional amount of funding necessary to adjust the retirement benefit for all eligible members that received a cost-of-living increase in September 2014 to reflect a percentage increase of 2.55% and provide each eligible retiree with a one-time lump-sum payment no later than August 31, 2015.

Emergency clause. In view of the emergency cited in the preamble, this legislation takes effect when approved.

SUMMARY

This bill provides a minimum cost-of-living adjustment of 2.55% for benefits received by retired state employees, teachers, judges and Legislators for fiscal year 2014-15, fiscal year 2015-16 and fiscal year 2016-17 only.

Patterns of Support

Pattern of Cosponsorship by Region:

Pattern of Cosponsorship by Gender:

Pattern of Cosponsorship by Party:

Pattern of Cosponsorship by Campaign Finance Classification:

Note: Maine Clean Elections Act (MCEA) Qualified candidates only accept a small dollar value of initial contributions early in their campaigns, pledge not to accept further campaign contributions from private sources, and receive public funding for their campaigns. MCEA Non-Qualified candidates choose not to obtain public funding and instead are free to accept campaign contributions from individuals, party committees, political action committees and business sources.


This information about LD 86 was last updated on 2016-05-12.
The Open Maine Politics website is in a beta release and results should not be taken as definitive. Please visit the official website of the Maine State Legislature for entirely verifiable information.

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