Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD)
Summary
The bill would require the Maine Public Employees Retirement System to automatically increase retirees’ pensions each year by the same percentage that the Consumer Price Index rises, up to a maximum increase. The increase would apply only to the first $40,000 of benefits starting in 2026 and to the first $50,000 beginning in 2028, with caps of 3% before 2028 and 5% after. The measure failed to pass and died in the Senate.
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