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123rd MAINE LEGISLATURE |
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LD 154 |
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LR 701(01) |
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An Act To Provide
Reinstatement of Group Life Insurance for Public Employees Returning from
Unpaid Military Leave |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Barstow of Gorham |
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Committee: State and Local Government |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Minor cost increase - General Fund |
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Fiscal Detail
and Notes |
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Allowing group
life insurance to be reinstated for public employees returning from unpaid
military leave without the employees' having to provide evidence of
insurability may result in increased costs to the Group Life Insurance
program administered by the Maine State Retirement System. The impact can not be determined at this
time and will depend on the number of participants for whom reinstatement of
coverage would be automatic who otherwise would have been found to be
uninsurable through the insurability process and to whom the System would pay
a death claim that otherwise would not be paid. However, this provision is not expected to
have an adverse impact of the overall experience of the Group Life Insurance
program. |
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