Field Description - Ret-ME Basic Monthly Retiree Insurance Rate

The Basic Monthly Retiree Insurance Rate is rate used to calculate the retirement contribution amount for retirees.

Note:  If a flat Retiree Ins Amount exists for an individual employee, the flat amount overrides the amount calculated by using the rate.  For more information about retirees, see the Understanding the Maine Public Employees Retirement System (MainePERS) topic.

Where-Maintained:  MSR Build Monthly Work File prompt

Where-Used:  MSR Build Monthly Work File - Detail, Consolidated Plan Summary, Non-Consolidated Plan Summary

Format:  1.2 numeric