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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1009 |
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An Act
Concerning Retirement Benefits for State Employees |
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LR 1654(05) |
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Fiscal Note for House Amendment " " to Committee
Amendment "A" |
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Sponsor: Rep. Smith of Van Buren |
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Fiscal Note Required: Yes |
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Fiscal Note |
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No fiscal impact. |
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Fiscal Detail
and Notes |
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This
amendment allows members to choose whether to make the employee contributions
necessary to include the earnings from the shutdown days in the fiscal year
beginning July 1, 2002 in the calculation of their average final
compensation. Assuming that all
members who could take advantage of this option would do so, there is no
change in the estimate of the employer contributions developed by the Maine
State Retirement System. |
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