Date of Award

2-2014

Document Type

Capstone

Degree Name

Master of Public Policy and Management (PPM)

Department

Public Policy and Management

First Advisor

Josie LaPlante

Keywords

Maine State Retirement

Abstract

Maine has seen membership in the Maine Retirement System fluctuate from 1991 to 2013 while members receiving benefits has increased year over year. In an article published in the Portland Press Herald on July 24, 2010 titled Maine’s Unfunded Pension Liability Looms as Election Issue, the unfunded liability is reported as having increased from $3.1 billion to $4.4 billion through the recent financial crisis beginning in 2008.

The unfunded liability exists because of insufficient historical general funding and increases in retirement benefits without increases in funding numerous times.

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