128th MAINE LEGISLATURE
LD 526 LR 1991(02)
An Act To Increase the State Share of the Cost of Health Insurance for Retired Teachers
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
             
Fiscal Note
Potential current biennium cost increase - General Fund
Fiscal Detail and Notes
Removing the cap on the increase in the State's total cost for retired teachers' health insurance premiums will result in increased General Fund costs to the State for any year that the growth in premium costs exceeds the percentage increase in the Consumer Price Index, as defined in Title 5, section 17001, subsection 9, plus 3%.