Maine

Maine has one main public pension system: the Maine Public Employees Retirement System (MainePERS).

The MainePERS board represents all eligible state and municipal employees; the board consists of 8 members: 1 Ex Officio (State Treasurer); 2 MainePERS members (one of whom is proposed and elected by the Maine Education Association and one of whom is proposed and elected by the Maine State Employees Association); 1 trustee is a PLD member or retiree appointed by the governing body of the Maine Municipal Association; 4 appointed by the Governor. One must be selected by the Governor from a list of nominees submitted by the Maine Retired Teachers Association and one must be a MainePERS retiree selected from a list of nominees submitted by State and/or PLD retirees. The remaining two appointees are direct gubernatorial appointments, both of whom must be qualified through training or experience in investments, accounting, banking, insurance or as actuaries.
- MainePERS discloses its specific proxy voting records on this website.
- According to its 2023 Annual Comprehensive Financial Report, MainePERS’ general investment consultant is Cambridge Associates.

Maine PERS uses Glass Lewis for its proxy advisory services.

The “By Asset Manager” and “Asset Manager Voting” tables show the proxy voting records of the state’s asset managers who manage the pensions’ stock market portfolio through index, exchange-traded, or mutual funds. Since these are externally managed funds, the asset managers typically retain and exercise proxy voting privileges. This data is used to calculate the state’s pro-ESG and anti-ESG scores to see how the state leverages its externally managed funds in proxy voting.

The “State Voting” table shows MainePERS proxy voting records for directly owned securities through pension fund portfolios. The 1792 Exchange commends MainePERS for publicly disclosing this information online for its pensioners.

Both tables are important to show a comprehensive picture of the state’s proxy voting record.

By Asset Manager

ACM Funds