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126th MAINE LEGISLATURE |
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LD 1175 |
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LR 902(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. Saviello of Franklin |
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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 2013-14 |
FY 2014-15 |
Projections FY 2015-16 |
Projections FY 2016-17 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$63,847 |
$0 |
$0 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$63,847 |
$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 $63,847 in fiscal year 2014-15 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
July 30, 2014. If the payment is made
at a later date, the cost will be higher. |
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