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130th MAINE LEGISLATURE |
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LD 711 |
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LR 408(01) |
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An Act To Allow
Certain Police Officers To Return to Participation in the Maine Public
Employees Retirement System |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Baldacci of Penobscot |
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Committee: Labor and Housing |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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No State fiscal impact |
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Fiscal Detail
and Notes |
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The actuarial
cost for an eligible employee to repurchase previously earned service credit
will be the responsibility of the employee and will have no fiscal impact to
employers in the Participating Local District (PLD) Retirement Plan. Future costs for eligible individuals to
rejoin the PLD Retirement Plan will be the responsibility of the
participating municipalities and other local districts and their employees
and will have no fiscal impact on the State or the Maine Public Employees
Retirement System. |
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