‘An Act To Remove the Age Penalty for State Retirees Working at State Correctional Institutions That Are Closing’
| HP0646 LD 927 |
Session - 127th Maine Legislature C "A", Filing Number H-674, Sponsored by
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LR 877 Item 2 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by striking out the title and substituting the following:
‘An Act To Remove the Age Penalty for State Retirees Working at State Correctional Institutions That Are Closing’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. 5 MRSA §17852-A is enacted to read:
§ 17852-A. Computation of benefit for certain correctional facility employees
summary
This amendment strikes the bill and replaces it with language that allows employees at certain state correctional facilities who have not reached their normal retirement age to retire and receive their full retirement benefit if certain conditions are met and funding is appropriated for the additional actuarial costs that result from the elimination of a reduction for retirement prior to normal retirement age.
This amendment requires the Commissioner of Administrative and Financial Services to provide certification of the pending closure of a state correctional facility to the Maine Public Employees Retirement System. The amendment requires the retirement system to calculate the amount of funding necessary to pay for the actuarial costs and report that information to the joint standing committee of the Legislature having jurisdiction over retirement matters. The amendment provides that the joint standing committee may report out legislation appropriating funds for the costs set forth in the report.