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132nd MAINE LEGISLATURE |
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LD 1283 |
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LR 1102(01) |
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An Act to Allow
Employees Covered Under the Maine Retirement Savings Program to Elect to
Enroll and Unenroll in a Payroll Deduction for an Individual Retirement
Account |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Stewart of Aroostook |
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Committee: Health Coverage, Insurance and
Financial Services |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Current biennium cost increase - Maine Retirement Savings
Program Enterprise Fund |
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| Fiscal Detail
and Notes |
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The Maine
Retirement Savings Board will incur costs to change the Maine Retirement
Savings Program from an "opt-out" program to an "opt-in"
program. The amount can not be
estimated at this time, however, the board has indicated that these costs
will be absorbed within existing budgeted resources. |
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