132nd MAINE LEGISLATURE
		LD 89		LR 288(04)
	Resolve, Regarding Legislative Review of Chapter 201: Employer Reporting and Payments, a Major Substantive Rule of the Maine Public Employees Retirement System
	Fiscal Note for Bill as Engrossed with: C "A" (H-71)
	Committee: Labor
Fiscal Note
Potential current biennium cost increase - General Fund Potential current biennium cost increase - local units of government
Fiscal Detail and Notes
	Amending Chapter 201: Employer Reporting and Payments, a major substantive rule of the Maine Public Employees Retirement System (MainePERS) to allow the System to charge a late fee for late payroll reports and interest on late payments may result in increased costs to employers that participate in the defined benefits plans as well as the group life insurance program administered by MainePERS. The impact on employers can not be estimated at this time.
	Additional costs to the Maine Public Employees Retirement System associated with the rulemaking process can be absorbed within existing budgeted resources.