HP0427
LD 549
First Regular Session - 123rd Legislature - Text: MS-Word, RTF or PDF LR 1663
Item 1
Bill Tracking Chamber Status

An Act To Fund the Purchase of Maine State Retirement System Time by Certain Veterans

Be it enacted by the People of the State of Maine as follows:

Sec. 1. Appropriations and allocations. The following appropriations and allocations are made.

RETIREMENT SYSTEM, (BOARD OF TRUSTEES OF THE) MAINE STATE

Retirement System - Retirement Allowance Fund 0085

Initiative: Appropriates funds to allow for 3 members per year who the Maine State Retirement System has determined are qualified to purchase military service credit at a subsidized rate pursuant to Public Law 2003, chapter 693.
GENERAL FUND 2007-08 2008-09
All Other
$88,202 $127,138
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GENERAL FUND TOTAL $88,202 $127,138

summary

This bill makes General Fund appropriations of $88,202 in fiscal year 2007-08 and $127,138 in fiscal year 2008-09 to the Maine State Retirement System to allow for 3 members per year who the Maine State Retirement System has determined are qualified to purchase military service credit at a subsidized rate pursuant to Public Law 2003, chapter 693.


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