| 122nd MAINE LEGISLATURE | |||||||||
| LD 350 | LR 1495(02) | ||||||||
| An Act To Provide Equal Treatment for All Veterans in the Laws Governing the Maine State Retirement System | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Labor | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $197,937 | $0 | $0 | $0 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $197,937 | $0 | $0 | $0 | |||||
| Fiscal Detail and Notes | |||||||||
| This bill includes a one-time General Fund appropriation of $197,937 to the Maine State Retirement System to subsidize the purchase of military service credit for those members who, during calendar year 2004, applied and were determined to be eligible to purchase service credit at the subsidized rate. Because this legislation is not an emergency, the General Fund appropriation included in this fiscal note is based on an effective date of October 1, 2005. | |||||||||