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Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
Dec. 18—Maine teachers, firefighters and other public sector employees could benefit from a bill that the U.S. Senate advanced on a 73-27 vote Wednesday, signaling that that the legislation co ...
Maine Gov. Janet Mills delivers her State of the Budget address on Feb. 14, 2023, at the State House in Augusta, Maine. Maine is close to becoming one of few states in the country to provide a ...
Nov. 14—AUBURN — One in three Mainers over retirement age relies entirely on Social Security for income, according to information from the Office of the State Treasurer. As inflation eats more ...
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A regional school unit is a type of school district in Maine. They were created starting in 2008 pursuant to a change in Maine Law that attempted to save on administrative costs by consolidating Maine's many school districts into larger districts. This change was championed by Governor John Baldacci. [1] [2]
Changes from the “Tier I” pension law include raising the minimum eligibility to draw a retirement benefit to age 67 with 10 years of service, initiating a cap on the salaries used to calculate retirement benefits, and limiting cost-of-living annuity adjustments to the lesser of 3 percent or half of the annual increase in the Consumer Price ...
KENNEBUNK, Maine — Teachers in RSU 21 finally have a new contract. At the start of their meeting on Monday, School Board members voted to ratify a new, three-year contract with the Kennebunk ...