Starting October 1, 2026, airport firefighters may qualify for retirement after 25 years of service if the federal government pays the full employer cost each year.
A special plan lets covered airport firefighters qualify for a service retirement benefit after 25 years of creditable service, at any age, if the federal government pays the full employer cost each year.
Qualifying firefighters receive a benefit based on half their average final pay, with an additional 2% for each year of membership service beyond the 25 years used to qualify.
Covered firefighters contribute 8.65% of their pay until they complete 25 years of creditable service, then contribute 7.65%.
The law provides a special retirement plan with a service retirement benefit after 25 years of creditable service. The plan covers firefighters employed by the Department of Defense, Veterans and Emergency Management at Bangor International Airport on or after July 1, 1998. The federal government must pay the retirement system the full employer cost each year for these employees. Service credit generally must come from the covered job. Repaid refunds for earlier service in that job and certain credit bought under section 17760 also count; other purchased credit does not. The plan takes effect October 1, 2026.
The law sets the service retirement benefit at half of a member’s average final compensation, plus 2% of that amount for each year of membership service beyond the years used to qualify. The formula applies to members who qualify for benefits under the special plan. The extra 2% applies only to membership service not used to meet the 25-year qualification requirement. The formula applies to benefits under the plan that takes effect October 1, 2026.
Covered members must contribute 8.65% of their earnable pay until they complete 25 years of creditable service, then 7.65%. These rates apply to members in the covered airport firefighter positions. Members contribute directly or have the contributions made on their behalf. The rates apply after September 30, 2026.
No hearings or votes scheduled.