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132nd MAINE LEGISLATURE |
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LD 2169 |
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LR 2786(01) |
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An Act to Improve
the Public Employees Disability Retirement Program by Modifying Provisions
Controlling the Reduction of Benefits and Clarifying Terminology |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Tipping of Penobscot |
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Committee: Labor |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| No change to anticipated payments |
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| Fiscal Detail
and Notes |
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This bill raises
the limit on income that a person receiving disability retirement benefits
may earn from employment or gainful activity before their benefit is reduced.
As a result of this bill, the Maine Public Employees Retirement System
(MPERS) may potentially pay a larger benefit to a greater number of
recipients than it pays currently. However, because MPERS does not assume any
reduction in benefits due to income limitation exceedances in its
projections, this bill does not change the anticipated disability retirement
benefit payments that MPERS will need to make. Additionally, because MPERS
does not budget for reimbursements owed to it due to income exceedances,
there is no anticipated decrease in revenue. |
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