123rd MAINE LEGISLATURE
LD 1672 LR 69(02)
An Act Relating to Retirement and Death Benefits for Certain Law Enforcement Officers
Fiscal Note for Bill as Amended by Committee Amendment "     "
Committee: Labor
Fiscal Note Required: Yes
             
Fiscal Note
Current biennium cost increase - General Fund
Current biennium cost increase - Federal Expenditures Fund
Fiscal Detail and Notes
Adding detectives in the Office of the Attorney General on July 1, 2007 or hired thereafter to the 1998 Special Plan will increase the normal cost component of the employer retirement rate by .75% of payroll, from 5.75% to 6.50%, resulting in increased employer contributions to the Maine State Retirement System for this group of members.  There are 5 detectives funded by the General Fund and 6 from other sources including federal funds.