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Showing posts with the label §5219-EE. innovation finance credit

How The MPERS Contract Came To Be Embedded in the Maine Constitution

Is The Maine Public Retirement System Unconstitutional? According to the Maine Public Employees ComprehensiveFinancial Report of 2010 , the Maine Public Employees Retirement System was established in 1942 to provide services for retiring public employees. No information is given about how the Public Employees Retirement System was legally structured in 1942. In the report MPERS is described as “an independent public agency of the State of Maine that traces its history to 1942”. Wikipedia  uses the same term but when the link is clicked it reveals that Wikipedia has no idea what " independent public agency " means.  An online search for history of MPERS between 1942 and 1985 comes up empty.  In 1985 during the administration of Governor Joseph E Brennan, the Maine Legislature passed a statute announcing its intentions of using general taxpayer monies to provide for retirement funds and death benefits for public employees, a faction which, incidentally, includes the Le