128th MAINE LEGISLATURE
		LD 100		LR 442(01)
	An Act To Expand the 1998 Special Retirement Plan To Include Detectives in the Office of the Attorney General
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Nadeau of Winslow
	Committee: Appropriations and Financial Affairs
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2017-18	FY 2018-19	Projections  FY 2019-20	Projections  FY 2020-21
Net Cost (Savings)
	General Fund		$0	$3,074	$3,197	$3,325
Appropriations/Allocations
	General Fund		$0	$3,074	$3,197	$3,325
	Federal Expenditures Fund		$0	$6,271	$6,522	$6,783
	Other Special Revenue Funds		$0	$1,630	$1,695	$1,763
Fiscal Detail and Notes
	Allowing detectives employed in the Office of the Attorney General on or after July 1, 2018 to participate in the 1998 Special Plan of the Maine Public Employees Retirement System will increase both the normal cost and unfunded actuarial liability components of the employer retirement rate, resulting in increased employer contributions to the Maine Public Employees Retirement System for detectives beginning in fiscal year 2018-19.
	This legislation includes a transition provision for those detectives hired by the Office of the Attorney General prior to July 1, 2018 which allows these employees to elect to participate in the 1998 Special Plan within 180 days of the effective date of this Act, assumed to be on or around October 1, 2018.  Based on an analysis performed by the Maine Public Employees Retirement System, this preliminary fiscal impact statement assumes that 7 of the 12 eligible detectives will elect to participate in the 1998 Special Plan as soon as the option becomes available and the remaining detectives with opt to stay in the State Regular Plan.  The Office of the Attorney General will require a General Fund appropriation of $3,074 in fiscal year 2018-19, a Federal Expenditures Fund allocation of $6,271 in fiscal year 2018-19 and an Other Special Revenue Funds allocation of $1,630 in fiscal year 2018-19 for the cost associated with moving the positions to the 1998 Special Plan.
	If any of the detectives hired by the Office of the Attorney General prior to July 1, 2018 who choose to remain in the State Regular Plan eventually retire or otherwise vacate their positions, any newly hired detectives will be placed in the 1998 Special Plan.  The additional cost to the Office of the Attorney General to fill these positions at the higher employer contribution rate is estimated to be between $2,000 and $3,000 per position annually.  When this additional cost will be incurred and which fund will be impacted can not be determined at this time.