Question 4 Seeks to Amend Constitution to Stabilize State Retirement System

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Question 4 on the ballot asks voters if they'd like to amend the state's constitution to stabilize the state retirement system managing public workers' pensions.

This includes current and retired state workers and teachers.

It would extend the period of time over which net losses in the market value of the retirement plans must be retired or funded.

Question 4 extends that period from 10 to 20 years.

Maine's Secretary of State, Matthew Dunlap, says it would help make the state retirement system safer and more stable.

"Ordinarily this is something that pension funds do pretty frequently, but because our state pension fund is described in the constitution, they can't do what they do with other pension funds without this type of housekeeping measure approved by voters," said Dunlap.

Voters are encouraged to read the Citizens' Guide to the Referendum Election at http://maine.gov/sos/cec/elec/index.html.