An Act to Advance the Maine Retirement Savings Program
Sponsored By: Donna Bailey (Democratic)
Became Law
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More funding for Maine worker retirement
The law adds money to Maine’s Retirement Savings Program. It provides $0 for fiscal year 2025-26 and $625,000 for 2026-27. The State Controller must transfer $625,000 from Attorney General settlement funds into the program’s Enterprise Fund by June 30, 2027. The money follows state program rules (Title 5, chapter 7‑A) and helps run the program and reach workers without employer plans. The law takes effect April 16, 2026.
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Sponsors & Cosponsors
Sponsor
Donna Bailey
Democratic • Senate
Cosponsors
Anne-Marie Mastraccio
Democratic • House
Joseph M. Baldacci
Democratic • Senate
Peggy R. Rotundo
Democratic • Senate
Matthea E. L. Daughtry
Democratic • Senate
Michelle Boyer
Democratic • House
Parnell Terry
Democratic • House
Poppy Arford
Democratic • House
Sally Cluchey
Democratic • House
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
ACTPUB Chapter 744
5/4/2026PASSED TO BE ENACTED, in concurrence.
4/13/2026SenatePASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.
4/13/2026HouseThe House RECEDED and CONCURRED to PASSAGE TO BE ENGROSSED as Amended by Committee Amendment "A" (S-305) as Amended by Senate Amendment "A" (S-667) thereto.ORDERED SENT FORTHWITH.
4/13/2026HouseOn motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table On motion by Same Senator the Senate SUSPENDED THE RULES to RECONSIDER their actions whereby the Bill was PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (S-305) in concurrence. On further motion by Same Senator the Senate SUSPENDED THE RULES to RECONSIDER their actions whereby Committee Amendment "A" (S-305) was ADOPTED. On further motion by Same Senator Senate Amendment "A" (S-667) to Committee Amendment "A" (S-305) READ and ADOPTED. Committee Amendment "A" (S-305) as Amended by Senate Amendment "A" (S-667) thereto ADOPTED. PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-305) as Amended by Senate Amendment "A" (S-667) thereto in NON-CONCURRENCE. Sent down for concurrence.
4/13/2026SenateCARRIED OVER, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.
6/25/2025SenateOn motion by Senator ROTUNDO of Androscoggin PLACED ON THE SPECIAL APPROPRIATIONS TABLE pending ENACTMENT - Emergency -2/3 Elected Required
6/11/2025SenateThis being an emergency measure, a two-thirds vote of all the members elected to the House was necessary.PASSED TO BE ENACTED.Sent for concurrence. ORDERED SENT FORTHWITH.
6/10/2025HouseCONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-305).In concurrence. ORDERED SENT FORTHWITH.
6/9/2025HouseReport READ and ACCEPTED.READ ONCE.Committee Amendment "A" (S-305) READ and ADOPTED.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-305).Ordered sent down forthwith for concurrence.
6/9/2025SenateCARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.
3/21/2025SenateReceived by the Secretary of the Senate on January 30, 2025 and REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES pursuant to Joint Rule 308.2
1/30/2025Senate
Bill Text
Enacted
Engrossed
Introduced
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