121st Maine Legislature
Office of Fiscal and Program Review
LD 1343
Resolve, To Create the Task Force To Study Parity and Portability of Retirement Benefits for State Law Enforcement Officers, Municipal Law Enforcement Officers and Firefighters
LR 0537(01)
Fiscal Note for Original Bill
Sponsor: Rep. Richardson
Committee: Labor
Fiscal Note Required: Yes
   
             
Fiscal Note
Current Costs - Legislative Study
Legislative Study
The projected costs to fund the general operating expenses of this study are $6,110 in fiscal year 2003-04. The Legislature has budgeted $30,000 in fiscal year 2003-04 for legislative studies.  Whether the amount is sufficient to fund all studies will depend on the number of studies authorized by the Legislative Council and the Legislature.  The additional cost to the Maine State Retirement System to provide technical assistance can be absorbed utilizing existing budgeted resources.  However, the cost to the Retirement System will be greater if actuarial services are needed as part of the study.  The ability of the Maine State Retirement System to absorb the cost of the actuarial services can not be determined at this time.