| 122nd MAINE LEGISLATURE | |||||||||
| LD 758 | LR 0680(02) | ||||||||
| An Act To Increase Retired Teachers' Health Insurance Benefits | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Labor | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $3,608,923 | $6,234,496 | $9,536,229 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $3,608,923 | $6,234,496 | $9,536,229 | |||||
| Fiscal Detail and Notes | |||||||||
| This bill includes a General Fund appropriation of $3,608,923 in fiscal year 2006-07 for the Retired Teachers' Health Insurance program within the Department of Education to increase the State's share of funding health insurance for retired teachers from 45% to 50% effective August 1, 2006. This bill increases the State's contribution to funding health insurance for retired teachers by 5% per year until the State's share equals 100% in fiscal year 2016-17. | |||||||||