Starting October 1, 2026, six groups of Department of Health and Human Services nurses fall under the 1998 retirement plan if they meet its age and service rules.
Six listed groups of state nurses fall under Maine’s 1998 retirement plan. Members must meet the plan’s age and service rules, and some benefits are reduced for retirement before age 55.
Covered nurses contribute 8.65% of their pay until they complete 25 years of creditable service, then 7.65%.
The law moves $4,311,605 into the General Fund by June 30, 2027, and provides $4,527,963 for 2026–27 retirement costs. Most of that amount is one-time funding.
The law places six nurse classifications under the 1998 Special Plan for Retirement. This covers Department of Health and Human Services employees classified as Nurse I, Nurse III, Hospital Nurse II, Hospital Nurse III, Hospital Nurse IV, or Licensed Practical Nurse. To qualify, a member generally must be at least 55 with 10 years of plan service, or have 25 years of service in a listed job capacity. For members who qualify through the 25-year rule, benefits are reduced if they retire before age 55. The coverage applies to employees in these classifications on or after October 1, 2026, including those hired later. The law counts all service in the listed nurse capacity when calculating their benefits.
Covered members contribute 8.65% of their earnable pay until they complete 25 years of creditable service, then 7.65%. This applies to members in the listed capacities who are covered by the 1998 Special Plan. The contribution rule applies to service in the listed capacity on or after October 1, 2026.
The law transfers $4,311,605 from the Maine Budget Stabilization Fund to the General Fund by June 30, 2027, and provides 2026–27 funding for retirement costs. The transfer is between state funds. The listed allocations and appropriation support retirement costs for certain Department of Health and Human Services employees. The law provides $217,926 in ongoing funding for Department of Health and Human Services employee costs and $4,310,037 in one-time funding for the increase in the retirement system’s unfunded liability. The transfer must occur by June 30, 2027. The listed employee costs and one-time retirement liability funding are for 2026–27.
No hearings or votes scheduled.