124th MAINE LEGISLATURE
		LD 83		LR 94(02)
	An Act To Increase the Percentage of Retired Teachers' Health Insurance Paid by the State
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Labor
	Fiscal Note Required: Yes
Fiscal Note
			2009-10	2010-11	Projections 2011-12	Projections 2012-13
Net Cost (Savings)
	General Fund		$1,042,690	$2,210,503	$2,343,133	$2,483,721
Appropriations/Allocations
	General Fund		$1,042,690	$2,210,503	$2,343,133	$2,483,721
Fiscal Detail and Notes
	This bill includes General Fund appropriations of $1,042,690 in fiscal year 2009-10 and $2,210,503 in fiscal year 2010-11 to the Retired Teachers' Health Insurance Program within the Department of Education for the costs associated with increasing the State's contribution for retired teachers' health insurance premiums from 45% to 50% effective January 1, 2010.  The Governor's budget proposal for the 2010-2011 Biennium, LD 353,  assumes that costs for this program will grow at a rate of 6% per year for the biennium. This fiscal note assumes that the recommended funding level for this program included in the Governor's Proposed Biennial Budget is approved by the Legislature and uses those levels as a base to calculate the cost of this legislation.  The actual cost of this provision will be higher or lower depending on actual experience.