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An Act To Remove the Age Penalty for State Retirees Working at Institutions That Are Closing
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 5 MRSA §17852, sub-§3-B, as enacted by PL 2011, c. 380, Pt. T, §19, is amended to read:
 
3-B. Member with creditable service of 25 years or more whether or not in service at retirement; fewer than 5 years of creditable service on July 1, 2011.   The amount of the service retirement benefit for members qualified under section 17851, subsection 3 is computed in accordance with subsection 1, except that the benefit is reduced by 6% for each year that the member's age precedes 65 years of age. This subsection does not apply to a member who qualifies under section 17851, subsection 3 with creditable service of 25 years on July 1, 2015, who has not reached the age of 61 years, 6 months, one day and for whom the amount of service retirement benefit is computed in accordance with subsection 1 if:
 
A.  The member is or was employed at a state facility over 100 miles from the nearest facility in the same department; and
 
B.  The facility in paragraph A has closed or is scheduled to close during the member's employment.
 
SUMMARY
This bill removes the reduction of 6% of the benefits of a member of the Maine Public Employees Retirement System for each year under the age of 65 of the member if the member:
1. Has 25 years of creditable service;
2. Has not reached the age of 61 years, 6 months and one day; and
3. Is or was employed at a state facility over 100 miles from the nearest facility in the same department and that facility has closed or is scheduled to close during the member's employment.