122nd MAINE LEGISLATURE
		LD 1021		LR 0263(14)
	An Act To Implement Task Force Recommendations Relating to Parity and Portability of Benefits for Law Enforcement Officers and Firefighters
	Fiscal Note for Senate Amendment "   " to Committee Amendment "   "
	Sponsor: Sen. Courtney
	Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2005-06	2006-07	2007-08	2008-09
Net Cost (Savings)
	General Fund		$0	$0	($3,413,255)	($3,810,148)
Appropriations/Allocations
	General Fund		$0	$0	($3,413,255)	($3,810,148)
Revenue
	Other Funds		$0	($195,750)	($410,292)	($429,986)
Fiscal Detail and Notes
	The numbers above represent the incremental differences between the majority report and this amendment. The amendment's provision defining eligibility as retirees age 55 and older with 25 years of service is estimated to reduce the number of participants in the premium subsidy program from 950 to approximately 575. The amendment reduces the employee contribution from 1.5% to 1% of wages. The amendment provides for an annual transfer from the Maine Budget Stabilization Fund to fund the net costs of the State's premium subsidy -- this transfer is estimated to be $2.3 million in FY 2007-08 and $2.6 million in FY 2008-09. The amendment moves administration of the program to the Dirigo Health Agency.
	Funding Summary - as Amended
					Projections	Projections
					2007-08	2008-09
	Total Estimated Subsidy				$3,015,159	$3,316,675
	Estimated Administrative Costs				$109,392	$111,894
	Total Estimated Costs				$3,124,551	$3,428,569
	Estimated Collections from 1.0% Assessment				($820,584)	($859,972)
	Transfer from Budget Stabilization Fund				($2,303,967)	($2,568,597)
	General Fund Subsidy Net of Assessments				$0	$0