| 122nd MAINE LEGISLATURE | |||||||||
| LD 487 | LR 0033(01) | ||||||||
| An Act Concerning Payment of Health Insurance Premiums for Surviving Spouses of Maine State Retirement System Members | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Davis of Falmouth | |||||||||
| Committee: Labor | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Undetermined current biennium cost increase - General Fund | |||||||||
| Fiscal Detail and Notes | |||||||||
| Employer and employee contributions paid to the Maine State Retirement System are for the sole purpose of providing a retirement benefit. Since the funds currently held by the System are not available for the reimbursement of health insurance premiums paid by a surviving spouse, the Maine State Retirement System will require additional General Fund appropriations beginning in fiscal year 2005-06 to provide the reimbursement. The amount can not be determined at this time and will require the involvement of the Division of Employee Health and Benefits within the Department of Administrative and Financial Services as well as other entities that provide health insurance coverage to teacher members in order for the cost to be determined. | |||||||||