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MaineLD 1003132nd Maine Legislature (2025-2026)HouseWALLET

An Act Establishing the Retirement Improvement Fund

Sponsored By: Janice Dodge (Democratic)

Became Law

STATE RETIREMENT SYSTEMSTATE RETIREMENT SYSTEM - BENEFITS

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Automatic cost‑of‑living base boosts

The law creates an interest‑bearing, nonlapsing Retirement Improvement Fund run by the retirement system. Money in the fund must pay for retirement benefit improvements. When the fund can cover at least a $1,000 increase to the benefit base used for annual cost‑of‑living adjustments for all beneficiaries, that increase is applied. Increases stop once the benefit base reaches $40,000. Starting March 1, 2029, and every year after, the retirement system reports to lawmakers on transfers to the fund, total base increases, any payments on unfunded liability, and the fund balance.

Small 2026–27 deposit to retiree fund

The law provides $500 in fiscal year 2026–27 to the Retirement Improvement Fund. It provides $0 in fiscal year 2025–26. The Department of Administrative and Financial Services deposits the money. The fund can pay retirement benefit improvements for retired state employees, teachers, and their beneficiaries.

Sponsors & Cosponsors

Sponsor

  • Janice Dodge

    Democratic • House

Cosponsors

  • Amy Roeder

    Democratic • House

  • Anne Graham

    Democratic • House

  • D. Ray

    Democratic • House

  • James Dill

    Democratic • House

  • Julia McCabe

    Democratic • House

  • Matthew Beck

    Democratic • House

  • Michelle Boyer

    Democratic • House

  • Rafael Macias

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 19 • No: 14

Senate vote • 6/3/2025

ACCEPT MAJORITY OUGHT TO PASS AS AMENDED REPORT

Yes: 19 • No: 14

Actions Timeline

  1. ACTPUB Chapter 756

    5/1/2026

  2. PASSED TO BE ENACTED, in concurrence.

    4/14/2026Senate

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

    4/14/2026House

  4. The House RECEDED and CONCURRED to PASSAGE TO BE ENGROSSED as Amended by Committee Amendment "A" (H-362) as Amended by Senate Amendment "A" (S-705) thereto.ORDERED SENT FORTHWITH.

    4/13/2026House

  5. On 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" (H-362) in concurrence. On further motion by Same Senator the Senate SUSPENDED THE RULES to RECONSIDER their actions whereby Committee Amendment "A" (H-362) was ADOPTED. On further motion by Same Senator Senate Amendment "A" (S-705) to Committee Amendment "A" (H-362) READ and ADOPTED. Committee Amendment "A" (H-362) as Amended by Senate Amendment "A" (S-705) thereto ADOPTED. PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (H-362) as Amended by Senate Amendment "A" (S-705) thereto in NON-CONCURRENCE. Sent down for concurrence.

    4/13/2026Senate

  6. CARRIED OVER, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.

    6/25/2025Senate

  7. On motion by Senator ROTUNDO of Androscoggin PLACED ON THE SPECIAL APPROPRIATIONS TABLE pending ENACTMENT in concurrence.

    6/5/2025Senate

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

    6/4/2025House

  9. Reports ReadOn motion by Senator TIPPING of Penobscot the Majority Ought to Pass as Amended Report ACCEPTED PREVAILED Roll Call Ordered Roll Call Number 322 Yeas 19 - Nays 14 - Excused 2 - Absent 0 Bill READ ONCE Committee Amendment "A" (H-362) READ and ADOPTED. Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (H-362) in concurrence.

    6/3/2025Senate

  10. Reports READ.On motion of Representative ROEDER of Bangor, the Majority Ought to Pass as Amended Report was ACCEPTED.The Bill was READ ONCE.Committee Amendment "A" (H-362) 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-362). Sent for concurrence. ORDERED SENT FORTHWITH.

    6/2/2025House

  11. Carried over, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.

    3/21/2025House

  12. The Bill was REFERRED to the Committee on LABOR in concurrence

    3/11/2025Senate

  13. Committee on Labor suggested and ordered printed. The Bill was REFERRED to the Committee on LABOR.Sent for concurrence. ORDERED SENT FORTHWITH.

    3/11/2025House

Bill Text

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