121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1535
		An Act To Authorize Certain Former Members of the Maine State Retirement System To Rejoin the Maine State Retirement System
		LR 1996(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Labor
		Fiscal Note Required: Yes
Fiscal Note
No net fiscal impact.
Fiscal Detail and Notes
	Since this legislation requires the retiree who returns to covered employment under the retirement system as an active employee, and who chooses to have their membership in the plan either retroactively or prospectively restored, to pay the full cost associated with the restoration of membership, there is no fiscal impact to the Maine State Retirement System.  The employer will be required to pay the normal cost component once the individual becomes an active member.  This fiscal note assumes that the employer will have the retirement costs budgeted as part of the personal services cost of the position, so there will be no additional cost to the employer.