124th MAINE LEGISLATURE
		LD 1007		LR 1034(01)
	An Act Pertaining to the Retirement of Certain Oil and Hazardous Material Specialists
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Tuttle, Jr. of Sanford
	Committee: Labor
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Undetermined current biennium cost increase - General Fund Undetermined current biennium cost increase - Federal Expenditures Fund Undetermined current biennium cost increase - Other Special Revenue Funds
Fiscal Detail and Notes
	This legislation will add additional oil and hazardous materials emergency response workers within the Department of Environmental Protection to the 1998 Special Plan.  If this group of employees is added to the plan on a prospective basis only, the normal cost component of the employer retirement rate for these members will increase from 5.75% of payroll to 6.50% of payroll.
	If this group of employees is added to the special plan on a retroactive basis, an unfunded liability will be created.  Pursuant to the Constitution of Maine, Article IX, Section 18-A, unfunded liabilities may not be created except those that result from experience losses.  The Maine State Retirement System will require one-time additional General Fund appropriations and other funds allocations, the amounts of which can not be determined at this time and will require the services of the Maine Public Employees Retirement System's actuary.