An Act To Establish The Maine Public Employees Retirement System Home Repair And Energy Upgrade Loan Program And Fund

This bill creates a loan program for members and retirees of Maine's public employees retirement system. It provides low-interest loans (up to $25,000 at 2% interest) to cover home repairs (like roofs or electrical systems) and energy upgrades (such as solar panels or efficiency improvements). The program is funded by reallocating $25 million annually from the retirement system's fossil fuel investments over 10 years, creating a revolving fund. Repayments are deducted from paychecks or pensions, and the system must report annual program performance to the legislature.