Whereas, it is important to present and future retirees that they have the most effective retirement options legally and reasonably available; and

Whereas, it is important that State Government gather and analyze information about retirement options; and

Whereas, the task of studying retirement options information and interrelationships is complex requiring commencement as soon as possible; and

Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore, be it

Sec. 1. Commission established. Resolved: That the Commission to Study the Interrelationship among the Maine State Retirement System, Social Security and Tax-advantage Accounts, referred to in this resolve as the "commission," is established; and be it further

Sec. 2. Membership. Resolved: That the commission consists of 12 members appointed as follows:

1. The Executive Director of the Maine State Retirement System or the director's designee;

2. Two teachers who are members of the Maine State Retirement System, appointed by the Governor;

3. Two state employees who are members of the Maine State Retirement System, appointed by the Governor;

4. A pension specialist, appointed by the Governor; and

5. Six Legislators, appointed jointly by the President of the Senate and the Speaker of the House; and be it further

Sec. 3. Appointments. Resolved: That all appointments must be made no later than 10 days following the effective date of this resolve. Upon making their appointments, the appointing authorities shall notify the Executive Director of the Legislative Council who shall call and convene the first meeting of the commission no later than August 15, 1999. At the first meeting,