| 122nd MAINE LEGISLATURE | |||||||||
| LD 758 | LR 0680(01) | ||||||||
| An Act To Increase Retired Teachers' Health Insurance Benefits | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Glynn of South Portland | |||||||||
| Committee: Labor | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $9,780,122 | $13,117,803 | $17,389,292 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $9,780,122 | $13,117,803 | $17,389,292 | |||||
| Fiscal Detail and Notes | |||||||||
| The Retired Teachers' Health Insurance program within the Department of Education will require additional General Fund appropriations beginning in fiscal year 2006-07 to increase the State share of funding health insurance for retired teachers. This estimate assumes the State's share will increase from 40% to 60% effective August 1, 2006; from 60% to 80% effective August 1, 2007; and from 80% to 100% effective August 1, 2008. | |||||||||