LD900 is a bill in the Maine Legislature (132nd Legislature): An Act to Protect State Retiree Pensions from Inflation.

What is the status of LD900?

Failed as of April 29, 2026. Latest action: Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD) (April 29, 2026).

Joseph Baldacci (D, 9), with 1 co-sponsor.

Where is the official record for LD900?

On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=900&snum=132

Maine legislation · 132nd Legislature

Maine LD900: An Act to Protect State Retiree Pensions from Inflation

Q: What does LD900 do?

In its own words: An Act to Protect State Retiree Pensions from Inflation" Amend the bill in section 2 in paragraph A-4 in the first line (page 1, line 21 in L.D.) by inserting after the following: "27" the following: 'and fiscal year 2027-28' Amend the bill by inserting after section 2 the following: 'Sec. 3. Appropriations and allocations. The following appropriations and allocations are made. RETIREMENT SYSTEM, MAINE PUBLIC EMPLOYEES Retirement System - Retirement Allowance Fund 0085 Initiative: Provides one-time funds to pay the unfunded actuarial liability created by requiring that cost-of-living increases.

Status: Failed, April 29, 2026

What the bill says

An Act to Protect State Retiree Pensions from Inflation" Amend the bill in section 2 in paragraph A-4 in the first line (page 1, line 21 in L.D.) by inserting after the following: "27" the following: 'and fiscal year 2027-28' Amend the bill by inserting after section 2 the following: 'Sec. 3. Appropriations and allocations. The following appropriations and allocations are made. RETIREMENT SYSTEM, MAINE PUBLIC EMPLOYEES Retirement System - Retirement Allowance Fund 0085 Initiative: Provides one-time funds to pay the unfunded actuarial liability created by requiring that cost-of-living increases.

From the engrossed text:

An Act to Protect State Retiree Pensions from Inflation" Amend the bill in section 2 in paragraph A-4 in the first line (page 1, line 21 in L.D.) by inserting after the following: "27" the following: 'and fiscal year 2027-28' Amend the bill by inserting after section 2 the following: 'Sec. 3. Appropriations and allocations. The following appropriations and allocations are made. RETIREMENT SYSTEM, MAINE PUBLIC EMPLOYEES Retirement System - Retirement Allowance Fund 0085 Initiative: Provides one-time funds to pay the unfunded actuarial liability created by requiring that cost-of-living increases be applied to the first $40,000 in fiscal year 2026-27 and fiscal year 2027-28 and $50,000 beginning in fiscal year 2028-29 of a retiree's benefit as well as increasing the maximum cost-of-living percentage increase that may be applied to a retiree's benefit from 3% to 4% in fiscal year 2026-27 and fiscal year 2027-28 and 5% beginning in fiscal year 2028-29. GENERAL FUND 2025-26 2026-27 All Other $0 $1,652,960,000 __________ __________ GENERAL FUND TOTAL $0 $1,652,960,000 2284 ' Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively. SUMMARY 3322 This amendment, which is the majority report of the committee, provides that for fiscal 3333 year 2027-28, the Board of Trustees of the Maine Public Employees Retirement System, Page 1 - 132LR1451(02) COMMITTEE …

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Maine LD900: An Act to Protect State Retiree Pensions from Inflation

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