123rd MAINE LEGISLATURE
		LD 1177		LR 2209(01)
	Resolve, To Establish the Commission on Retirement Policy Funding and Reform
	Fiscal Note for Original Bill
	Sponsor: Rep. Woodbury of Yarmouth
	Committee: Labor
	Fiscal Note Required: Yes
Fiscal Note
Current Costs - Legislative Study
Legislative Study
	The general operating expenses of this commission are projected to be $4,930 in fiscal year 2007-08.  The Legislature's proposed budget includes $30,000 in fiscal year 2007-08 for legislative studies.  Whether the amounts are sufficient to fund all studies will depend on the number of studies authorized by the Legislative Council and the Legislature.
Fiscal Detail and Notes
	Additional costs to the Maine State Retirement System to serve on the Commission can be absorbed within existing budgeted resources.  If actuarial services are required as part of the work of the Commission, there may be additional costs for those services.  The amount can not be determined at this time and will depend on the extent of the services required.