HP0054, LD 60, item 1, An Act To Ensure Proper Funding for Teacher Retirement

An Act To Ensure Proper Funding for Teacher Retirement

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 5 MRSA §17154, sub-§6, ¶¶G to I, as enacted by PL 2013, c. 368, Pt. C, §1, are repealed.

Sec. 2. 20-A MRSA §15688, sub-§1, ¶¶B and C, as amended by PL 2013, c. 368, Pt. C, §11, are further amended to read:

B. The other subsidizable costs described in section 15681-A; and

C. The total debt service allocation described in section 15683-A ; and .

Sec. 3. 20-A MRSA §15688, sub-§1, ¶D, as enacted by PL 2013, c. 368, Pt. C, §11, is repealed.

Sec. 4. 20-A MRSA §15689-C, sub-§2, ¶D, as amended by PL 2013, c. 368, Pt. C, §16, is further amended to read:

D. The requested funding levels for miscellaneous costs under section 15689-A; and

Sec. 5. 20-A MRSA §15689-C, sub-§2, ¶E, as enacted by PL 2013, c. 368, Pt. C, §17, is amended to read:

E. The requested funding levels for the costs of enhancing student performance and opportunity under section 15688-A ; and .

Sec. 6. 20-A MRSA §15689-C, sub-§2, ¶F, as enacted by PL 2013, c. 368, Pt. C, §17, is repealed.

Sec. 7. 20-A MRSA §15689-E, sub-§1, ¶B, as amended by PL 2013, c. 368, Pt. C, §19, is further amended to read:

B. The state share of the total operating allocation and the total debt service allocation described in sections 15683 and 15683-A; and

Sec. 8. 20-A MRSA §15689-E, sub-§1, ¶D, as enacted by PL 2013, c. 368, Pt. C, §19, is repealed.

SUMMARY

This bill changes the method for funding teacher retirement costs. It repeals those provisions of law enacted pursuant to Public Law 2013, chapter 368 that require school administrative units and private schools to pay for teacher retirement.

HP0054 LD 60	Session - 127th Maine Legislature		LR 134 Item 1
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