| 123rd MAINE LEGISLATURE | ||||||
| LD 297 | LR 1086(01) | |||||
| Resolve, Authorizing Elizabeth O'Connor To Rejoin the Maine State Retirement System | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Tuttle of Sanford | ||||||
| Committee: Labor | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Net Cost (Savings) | ||||||
| General Fund | $1,670 | $0 | $0 | $0 | ||
| Appropriations/Allocations | ||||||
| General Fund | $1,670 | $0 | $0 | $0 | ||
| Fiscal Detail and Notes | ||||||
| Allowing Elizabeth O'Connor to buy back service credit from October 2005 to December 2006 without paying the associated interest cost will result in an unfunded liability in the Participating Local District Consolidated Plan. The Maine State Retirement System will require a one-time General Fund appropriation of $1,670 for the interest cost associated with this provison. | ||||||