130th MAINE LEGISLATURE
LD 711 LR 408(02)
An Act To Allow Certain Police Officers To Return to Participation in the Maine Public Employees Retirement System
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Labor and Housing
Fiscal Note Required: Yes
             
Fiscal Note
No State fiscal impact
Fiscal Detail and Notes
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.