Maine LD1611 would reduce retirement contributions for teachers and state employees starting July 1, 2026.
Maine LD1611, which failed as of April 29, 2026, would amend the State Employee and Teacher Retirement Program. Beginning July 1, 2026, the bill lowers the required contributions from 7.65% to 6.2% of earnable compensation for all members. This change aims to decrease the financial burden on teachers and state employees in the retirement program.
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