‘Sec. 3. Appropriations and allocations. The following appropriations and allocations are made.
EDUCATION, DEPARTMENT OF
General Purpose Aid for Local Schools 0308
Initiative: Provides funds for the State's share of the increased costs to the normal cost component of the teacher retirement portion of the State Employee and Teacher Retirement Program as a result of applying the cost-of-living adjustment to the full benefit of retirees.
| GENERAL FUND | 2017-18 | 2018-19 |
|
All Other
|
$2,696,110 | $2,808,000 |
 |
|
|
| GENERAL FUND TOTAL | $2,696,110 | $2,808,000 |
Teacher Retirement 0170
Initiative: Provides one-time funds for the increased costs to the unfunded actuarial liability of the teacher retirement portion of the State Employee and Teacher Retirement Program as a result of applying the cost-of-living adjustment to the full benefit of retirees.
| GENERAL FUND | 2017-18 | 2018-19 |
|
All Other
|
$550,000,000 | $0 |
|
|
|
| GENERAL FUND TOTAL | $550,000,000 | $0 |
| EDUCATION, DEPARTMENT OF | ||
| DEPARTMENT TOTALS | 2017-18 | 2018-19 |
|
GENERAL FUND
|
$552,696,110 | $2,808,000 |
|
|
|
| DEPARTMENT TOTAL - ALL FUNDS | $552,696,110 | $2,808,000 |
RETIREMENT SYSTEM, MAINE PUBLIC EMPLOYEES
Retirement System - Retirement Allowance Fund 0085
Initiative: Provides funds for the increased costs to the normal cost component and unfunded actuarial liability of the state employee portion of the State Employee and Teacher Retirement Program as a result of applying the cost-of-living adjustment to the full benefit of retirees.
| GENERAL FUND | 2017-18 | 2018-19 |
|
All Other
|
$246,760,000 | $2,860,000 |
|
|
|
| GENERAL FUND TOTAL | $246,760,000 | $2,860,000 |
| RETIREMENT SYSTEM, MAINE PUBLIC EMPLOYEES | ||
| DEPARTMENT TOTALS | 2017-18 | 2018-19 |
|
GENERAL FUND
|
$246,760,000 | $2,860,000 |
|
|
|
| DEPARTMENT TOTAL - ALL FUNDS | $246,760,000 | $2,860,000 |
| SECTION TOTALS | 2017-18 | 2018-19 |
|
GENERAL FUND
|
$799,456,110 | $5,668,000 |
|
|
|
| SECTION TOTAL - ALL FUNDS | $799,456,110 | $5,668,000 |