128th MAINE LEGISLATURE
		LD 176		LR 1033(02)
	An Act To Amend the Laws Pertaining to Disability Retirement Benefits Administered by the Maine Public Employees Retirement System
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Appropriations and Financial Affairs
	Fiscal Note Required: Yes
Fiscal Note
Minor cost increase - Maine Public Employees Retirement System
Fiscal Detail and Notes
	This bill authorizes the Maine Public Employees Retirement System (MainePERS) to procure and offer long-term disability insurance coverage to its members through their employers.  Additional costs to MainePERS associated with the rulemaking and reporting requirements can be absorbed within existing budgeted resources.  Because participation by employers is optional, there is no fiscal impact to the State, local school administrative units and local towns and municipalities that participate in the retirement system.