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128th MAINE LEGISLATURE |
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LD 1653 |
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LR 2636(01) |
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An Act To Amend
the Laws Governing Retirement Benefits for Capitol Police Officers |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Katz of Kennebec |
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Committee: Appropriations and Financial Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2017-18 |
FY 2018-19 |
Projections FY 2019-20 |
Projections FY 2020-21 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$40,610 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$40,610 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The Maine Public
Employees Retirement System will require a one-time General Fund
appropriation of $40,610 in fiscal year 2018-19 for the cost associated with
allowing the service retirement benefits of one Capitol Police officer earned
under the regular state employee and teacher plan to be calculated under the
1998 Special Plan. The cost of this
provision is estimated based on the payment being made to the MainePERS by
September 30, 2018. |
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