Maine legislation · 132nd Legislature
Maine LD1003: An Act Establishing the Retirement Improvement Fund
Status: Signed into law, April 16, 2026
What the bill says
An Act Establishing the Retirement Improvement Fund.
From the engrossed text:
An Act Establishing the Retirement Improvement Fund Sec. 1. 5 MRSA c. 421, sub-c. 4, art. 10 is enacted to read: ARTICLE 10 RETIREMENT IMPROVEMENT FUND §17446. Retirement Improvement Fund 1. Establishment of fund. The Retirement Improvement Fund, referred to in this section as "the fund," is established within and administered by the retirement system as an interest-bearing, nonlapsing fund for the payment of retirement benefit improvements. 2. Content of fund. The fund consists of all money transferred to the fund under this section and other money made available to the fund, which may include but is not limited to legislative appropriations from the General Fund or any other fund, the unappropriated surplus of the General Fund or any other source or fund identified or established through law. 3. Use of fund. Money in the fund must be used to pay for retirement benefit improvements. Whenever the fund has sufficient capital to pay for an increase in the amount of at least $1,000 on the benefit base on which the annual cost-of-living adjustment is applied pursuant to section 17806, subsection 1, paragraph A, for all beneficiaries in the retirement system, that increase must be applied but only until the benefit base reaches $40,000. 4. Reporting. By March 1, 2029 and annually thereafter, the retirement system shall submit a report regarding …
Sponsors
- Janice Dodge (D, 39) · primary sponsor
- Matthew Beck (D, 122)
- Michelle Boyer (D, 123)
- James Dill (D, 26)
- Anne Graham (D, 105)
- Rafael Macias (D, 51)
- McCabe, Julia (D, 93)
- D. Ray (D, 40)
- Amy Roeder (D, 23)
Latest actions
- : PASSED TO BE ENACTED, in concurrence.
- : PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.
- : 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.
- : 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 Committe
- : CARRIED OVER, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.
- : On motion by Senator ROTUNDO of Androscoggin PLACED ON THE SPECIAL APPROPRIATIONS TABLE pending ENACTMENT in concurrence.
- : PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.
- : 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.
- : 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.
- : Carried over, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.
Votes
- Senate RC #322: ACCEPT MAJORITY OUGHT TO PASS AS AMENDED REPORT (June 3, 2025): 19 yea, 14 nay, passed
Subjects: STATE RETIREMENT SYSTEM, BENEFITS, Legislature, Senate, Other, COLA FUNDING
Common questions
- What is LD1003?
- LD1003 is a bill in the Maine Legislature (132nd Legislature): An Act Establishing the Retirement Improvement Fund.
- What does LD1003 do?
- In its own words: An Act Establishing the Retirement Improvement Fund.
- What is the status of LD1003?
- Signed into law as of April 16, 2026. Latest action: PASSED TO BE ENACTED, in concurrence. (April 14, 2026).
- Who sponsored LD1003?
- Janice Dodge (D, 39), with 8 co-sponsors.
- Where is the official record for LD1003?
- On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1003&snum=132
Source: official Maine record. Tracked by Delilah, AI for legislation across all 50 states and Congress.