Field Description - Ret-ME Employer Contribution

The Ret-ME Employer Contribution, which is associated with a Plan Code, is the employer's contribution amount for the MainePERS Consolidated Plan.

Formula:  Employer Contribution = Employer Retirement Rate for Fringe X Earnable Compensation

Tips:

• The MainePERS establishes the Employer Rate for each Plan Code, if using the Consolidated Plan.

• For more information about the MainePERS, see the Understanding the Maine Public Employees Retirement System (MainePERS) topic.

Where-Calculated:  MSR Build Monthly Work File - Consolidated Summary Page