LD 929 LR 333(01)
An Act Regarding the State Retirement System
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Daughtry of Brunswick
Committee: Appropriations and Financial Affairs
Fiscal Note Required: No
Preliminary Fiscal Impact Statement
No net fiscal impact to State Retirement System
Fiscal Detail and Notes
Amending the definition of "earnable compensation" under the laws governing the State Retirement System to change how retrospective payments for compensation earned by employees are to be included in the calculation of earnable compensation may benefit some members, while others will be disadvantaged. There will be no net fiscal impact on the System.