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131st MAINE LEGISLATURE |
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LD 1761 |
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LR 689(02) |
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An Act to Include
Certain Mental Health Workers Under the 1998 Special Plan for Retirement |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Labor and Housing |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
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General Fund |
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$8,400,782 |
$85,453 |
$88,529 |
$91,716 |
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| Appropriations/Allocations |
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General Fund |
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$8,400,782 |
$85,453 |
$88,529 |
$91,716 |
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Other Special Revenue Funds |
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$464,601 |
$638,447 |
$661,431 |
$685,242 |
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| Fiscal Detail
and Notes |
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This legislation
adds persons employed in the Department of Health and Human Services (DHHS)
on October 1, 2023, or hired thereafter, who have a responsibility for
providing direct care to persons in need of mental health services in a
community-based or residential setting or to residents or patients of mental
health institutions in this State to the 1998 Special Plan and allows the
service retirement benefits already earned by those employees under the State
Employee and Teacher program to be calculated under the 1998 Special
Plan. This bill includes General Fund
appropriations totaling $8,400,782 in fiscal year 2023-24 and $85,453 in
fiscal year 2024-25 and Other Special Revenue Funds allocations totaling
$464,601 in fiscal year 2023-24 and $638,447 in fiscal year 2024-25 for the
cost of this provision. |
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Of the total
General Fund appropriations included in the bill, $8,338,558 is provided on a
one-time basis in fiscal year 2023-24 to the Retirement Allowance Fund within
the Maine Public Employees Retirement System for the increase in the unfunded
actuarial liability created as a result of the retroactive provision in this
bill. Pursuant to the Constitution of
Maine, Article IX, Section 18-A, unfunded liabilities may not be created
except those that result from experience losses. General Fund appropriations
of $62,224 and $85,453 and Other Special Revenue Funds allocations of
$464,601 and $638,447 in fiscal years 2023-24 and 2024-25, respectively, are
also provided to various programs within DHHS for the increase in the
employer's retirement contributions on a prospective basis. |
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