FINANCIAL_SERVICESPENDING

Town Plans MainePERS Agreement Change for Police Pensions

Pittsfield is poised to amend its retirement agreement with the Maine Public Employees Retirement System to adopt Special Plan 2C for union police officers, adding $242,787 in actuarial liability. The town intends to amortize this cost over nearly 15 years with monthly payments of $2,031 beginning in September 2026.

Document date · August 4, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$242,787.00 (IUUAL; $2,031.00/month over 14 years 10 months)
Contract type
FINANCIAL_SERVICES
Contract term
14 years and 10 months from September 2026
Renewal date
2041-07-31
Renewal
New agreement amends the existing MainePERS plan to Special Plan 2C for specified service periods, with IUUAL payments scheduled for 14 years and 10 months starting September 2026; ongoing plan participation continues thereafter.
Document type
AgendaPacket
Source document
Pittsfield Town Council AgendaPacket 2026-08-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Pittsfield?

Maine Public Employees Retirement System was awarded this financial services contract by Town of Pittsfield, as recorded on August 4, 2026. The contract value is $242,787.00 (IUUAL; $2,031.00/month over 14 years 10 months).

How much is the Maine Public Employees Retirement System contract with Town of Pittsfield worth?

The Maine Public Employees Retirement System contract with Town of Pittsfield is valued at $242,787.00 (IUUAL; $2,031.00/month over 14 years 10 months), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Pittsfield Town Council AgendaPacket 2026-08-04 (AgendaPacket), dated August 4, 2026 from Town of Pittsfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Maine Public Employees Retirement System hold?

Maine Public Employees Retirement System may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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