124th MAINE LEGISLATURE
		LD 1776		LR 2539(04)
	An Act To Protect Teacher Retirement Income
	Fiscal Note for Senate Amendment "   " to Committee Amendment "A"
	Sponsor: Sen. Diamond of Cumberland
	Fiscal Note Required: Yes
Fiscal Note
Removes potential future biennium cost increase - General Fund
Fiscal Detail and Notes
	This amendment removes the provision in the bill allowing teachers covered by the Maine Public Employees Retirement System to purchase time attributable to days off without pay during fiscal year 2009-10 and fiscal year 2010-11 as a result of actions taken by a school administrative unit.  The provision was already included in Public Law 2009, Chapter 571, Part RRR, the 2010-2011 supplemental budget bill.
	As amended, this legislation allows participating local district employees covered by the Maine Public Employees Retirement System to purchase time attributable to days off without pay during fiscal year 2009-10 and fiscal year 2010-11 as a result of actions taken by a participating local district.  As amended, this legislation will not result in an unfunded actuarial liability to the Participating Local District Program.  The potential impact on the employers' future contribution rate can not be determined at this time and will be based on the future experience of the plan.