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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1343 |
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Resolve,
To Create the Task Force To Study Parity and Portability of Retirement
Benefits for State Law Enforcement Officers, Municipal Law Enforcement
Officers and Firefighters |
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LR 0537(01) |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Richardson |
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Committee: Labor |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Current Costs
- Legislative Study |
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Legislative
Study |
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The
projected costs to fund the general operating expenses of this study are
$6,110 in fiscal year 2003-04. The Legislature has budgeted $30,000 in fiscal
year 2003-04 for legislative studies.
Whether the amount is sufficient to fund all studies will depend on
the number of studies authorized by the Legislative Council and the
Legislature. The additional cost to
the Maine State Retirement System to provide technical assistance can be
absorbed utilizing existing budgeted resources. However, the cost to the Retirement System will be greater if
actuarial services are needed as part of the study. The ability of the Maine State Retirement System to absorb the
cost of the actuarial services can not be determined at this time. |
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