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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 992 |
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An Act
to Clarify the Purchase of Military Time Served under the Maine State
Retirement System |
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LR 1446(02) |
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Fiscal Note for Bill as Amended by Committee
Amendment " " |
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Committee: Labor |
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Fiscal Note Required: Yes |
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Fiscal Note |
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No net fiscal impact. |
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Fiscal Detail
and Notes |
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Because
this legislation requires the member to pay the full actuarial cost of
including the purchased military service toward the ten year requirement in
such a way that the member moves from coverage in the post-July 1, 1993 plan
to coverage in the pre-July 1, 1993 plan, no costs to the retirement plan are
created. |
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