121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1810
		An Act To Amend the Laws Concerning Optional Membership for Participating Local Districts in the Maine State Retirement System
		LR 2559(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Labor
		Fiscal Note Required: Yes
Fiscal Note
No cost to state or participating local districts
Fiscal Detail and Notes
	This bill allows those optional members currently prevented from purchasing service credit for periods of non-membership in a participating local district to purchase those credits by paying the full actuarial cost.  There is no cost to the employer or the plan.  Permitting a member to repay withdrawn contributions immediately upon rejoining the Maine State Retirement System rather than having to wait two years does not create a cost to employers or the plan.