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130th MAINE LEGISLATURE |
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LD 293 |
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LR 1400(04) |
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An Act To Increase
the State's Share of the Cost of Health Insurance for Retired Teachers |
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Fiscal Note for
House Amendment " " to Original Bill |
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Sponsor: Rep. Brennan of Portland |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Potential reduction in current biennium cost - Retiree Health
Insurance Fund |
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Fiscal Detail
and Notes |
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Assuming an
effective date 90 days after the statutory adjournment date of June 16, 2021,
removing the emergency preamble will delay the date that the State's
contribution for retired teachers health insurance premiums is to increase
from 45% to 55% for three months and will reduce the cost of the bill by
$1,680,625 in fiscal year 2021-22. |
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Assuming an
effective date 90 days prior to the start of fiscal year 2021-22, removing
the emergency preamble will not delay the bill's proposed increase in the
State's contribution for retired teachers health insurance premiums to 55%. |
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