124th MAINE LEGISLATURE
		LD 996		LR 1597(01)
	An Act To Allow Certain Retirees in the Maine Public Employees Retirement System To Return to Service with the State for 180 Days Annually
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Sen. Gooley of Franklin
	Committee: Labor
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential future biennium cost increase - All Funds
Fiscal Detail and Notes
	Increasing the number of days that a retiree may return to service with the same employer after retirement from 60 days to 180 days will not have a direct impact on the liabilities of the Maine Public Employees Retirement System.  However, to the extent that these retirees are used to fill vacant positions in lieu of new hires, there may be an impact to employer contributions in the future.  Current actuarial assumptions anticipate new entrants into the retirement program for whom employee and employer contributions are made.  The impact can not be determined at this time and will depend on actual experience.