An Act To Allow Certain Veterans Who Did Not Previously Qualify To Buy Maine State Retirement System Time at a Subsidized Rate
Sec. 1. Appropriations and allocations. The following appropriations and allocations are made.
RETIREMENT SYSTEM, (BOARD OF TRUSTEES OF THE) MAINE STATE
Retirement System - Retirement Allowance Fund 0085
Initiative: Appropriates funds to allow for 3 members per year who the Maine State Retirement System has determined are qualified to purchase military service credit at a subsidized rate pursuant to Public Law 2003, chapter 693.
GENERAL FUND | 2007-08 | 2008-09 |
All Other
|
$88,202 | $127,138 |
GENERAL FUND TOTAL | $88,202 | $127,138 |
summary
This bill makes General Fund appropriations of $88,202 in fiscal year 2007-08 and $127,138 in fiscal year 2008-09 to the Maine State Retirement System to allow for 3 members per year who the Maine State Retirement System has determined are qualified to purchase military service credit at a subsidized rate pursuant to Public Law 2003, chapter 693.