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Full-Text Articles in Social and Behavioral Sciences
Public Pensions And Debt In The State Of Maine, Ryan Knaus
Public Pensions And Debt In The State Of Maine, Ryan Knaus
Muskie School Capstones and Dissertations
Maine has taken important steps in recent years to reduce indebtedness and adequately fund their Public Employee Pension System (MainePERS), and is well-positioned relative to other U.S. states. The challenge for the State is to continue financing MainePERS and existing UALs with the same commitment, diligence and prudence.
Financing Maine's State Employees And Teachers Retirement System: Comparative Trends And Progress, 1982 - 2010, Moargan Beschle, Eric Davis, Tim Feeley
Financing Maine's State Employees And Teachers Retirement System: Comparative Trends And Progress, 1982 - 2010, Moargan Beschle, Eric Davis, Tim Feeley
Muskie School Capstones and Dissertations
Among the many tough choices states must make is how to address funding shortfalls in public employee pension systems. In public sector employment, pensions have long been a key component of the compensation system and an integral way to attract and retain talent in public service positions. The pension is considered a form of deferred compensation, which means that workers receive a salary lower than the going rate for their education, skills and job requirements in exchange for an enhanced retirement package (Bender & Heywood, 2010). State employees incur an opportunity cost by taking a lower-salaried state job over a …