|
|
|
|
|
|
|
|
130th MAINE LEGISLATURE |
|
|
LD 509 |
|
LR 1775(03) |
|
|
|
An Act To Protect
Teachers from a Decrease in Retirement Benefits Arising from the COVID-19
Pandemic |
|
Fiscal Note for
Bill as Engrossed with:
C "A" (H-490) |
|
Committee: Labor and Housing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Note |
|
|
|
|
|
|
|
No fiscal impact to State or local school administrative units |
|
|
|
|
|
|
|
Fiscal Detail
and Notes |
|
|
|
|
|
|
This legislation
allows certain teachers who experience a reduction in income from an
extracurricular or cocurricular position due to COVID-19 related
circumstances eliminating that position to purchase service credit in the
state retirement system for the period in which the position was eliminated
or otherwise unavailable. Because this
legislation requires the member, not the employer, to pay the full actuarial
cost of this provision, there is no fiscal impact to the State or local
school administrative units. |
|
|
|
|
|
|
|