121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1836
		An Act To Amend the Laws Governing Purchase of Military Time Served under the Maine State Retirement System
		LR 2648(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Labor
		Fiscal Note Required: Yes
Fiscal Note
Potential future biennium cost increase - All Funds
Fiscal Detail and Notes
	This bill expands the number of members who may be eligible to purchase military service credit at a subsidized rate.  Since this bill allows for these additional members to purchase military service at a subsidized rate only after a General Fund appropriation has been made by the Legislature that is sufficient to subsidize the difference between the actuarial cost of the members' service credit and the amount to be paid by the member, there is no immediate cost to the retirement plan.  The future cost can not be determined at this time and will depend on the number of members who apply and are found eligible to purchase militiary service credit under this provision.