127th MAINE LEGISLATURE
LD 1463 LR 2230(01)
An Act To Allow Members of the State Employee and Teacher Retirement Program To Reapply for Disability Retirement Benefits after Denial and To Allow the Board of Trustees of the Maine Public Employees Retirement System To Offer Long-term Disability Insurance Coverage
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Foley of Wells
Committee: Appropriations and Financial Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Current biennium cost increase - Maine Public Employees Retirement System
Fiscal Detail and Notes
Additional costs to the Maine Public Employees Retirement System (MainePERS) to conduct the required feasibility study and submit the required report can be absorbed within existing budgeted resources.  MainePERS will incur costs to administer a long-term disability insurance program, however, the amount can not be determined until the feasibility study is completed.