MaineCare (Maines Medicaid program) provides free and low-cost coverage for Mainers who meet requirements based on household composition, income, and/or disability status. MaineCare covers doctor visits, emergencies, substance use disorder treatment, prescription drugs, and more.
What type of plan is Erisa?
The Employee Retirement Income Security Act (ERISA) covers two types of retirement plans: defined benefit plans and defined contribution plans. A defined benefit plan promises a specified monthly benefit at retirement.
What type of plan is MainePERS?
Since 1942, MainePERS has helped public employees prepare for retirement through the administration of a defined benefit retirement plan. MainePERS contributing members include teachers, state, county, and municipal employees, legislators, judges, and those who work for other public entities.
Is MainePERS a 401k?
Is MainePERS a 401(k) plan? A. No, it is a federally qualified defined benefit plan under IRS Code Section 401(a).
What is the normal retirement age for MainePERS?
You qualify to receive a benefit upon reaching your normal retirement age of 60, 62 or 65, whether or not you are in service, provided that you have earned creditable service of 5 or 10 years, whichever amount is applicable to you.
The SFERS Pension Plan is a tax-qualified defined benefit plan, funded through employee and employer contributions and investment earnings, that provides for the following benefits upon separation: service and disability retirement, refund or vesting allowance, and pre and post-retirement death benefits to
Related links
Town of Wilton and AFSCME Council 93 Local 1458-12
1181. Page 5. Town of Wilton and AFSCME Council 93 participate in MainePERS Regular Plan AC, based on the contribution level selected by the Employee.
Farmington Maine Annual Financial Audit Report 2019
We have audited the accompanying financial statements of the governmental activities, business-type activities, each major fund and the aggregate remaining
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