| 122nd MAINE LEGISLATURE | |||||||||
| LD 31 | LR 0341(01) | ||||||||
| An Act To Establish the Administrative Operating Budget for the Maine State Retirement System for the Fiscal Year Ending June 30, 2006 | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Smith of Van Buren | |||||||||
| Committee: Labor | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Consistent with Budgeted Amounts - General Fund | |||||||||
| Consistent with Budgeted Amounts - Highway Fund | |||||||||
| Consistent with Budgeted Amounts - Fund for a Health Maine | |||||||||
| Consistent with Budgeted Amounts - Other Funds | |||||||||
| Fiscal Detail and Notes | |||||||||
| This bill establishes the administrative operating budget for the Maine State Retirement System for fiscal year 2005-06 in the amount of $10,457,865. Eighty-three percent of this amount, $8,633,092, is paid by the State with the General Fund's share estimated at 68%, or $7,082,660. The proposed current services budget for the 2006-2007 biennium includes funds sufficient for the State's share of the system's fiscal year 2005-06 operating costs. | |||||||||