| 122nd MAINE LEGISLATURE | |||||||||
| LD 840 | LR 1150(01) | ||||||||
| An Act To Distribute Costs for the Funding of Pensions and Health Insurance for Retired Teachers | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Sen. Mills of Somerset | |||||||||
| Committee: Labor | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Current Cost - State Mandate | |||||||||
| State Mandate | |||||||||
| New or Expanded Activity | Unit Affected | Costs | |||||||
| Requiring local school administrative units to share in the cost of funding the teacher retirement program and the retired teachers' health insurance program is a mandate. The impact to each individual unit can not be determined at this time but is expected to be significant. | School | Significant | |||||||
| Fiscal Detail and Notes | |||||||||
| Because this bill is a concept draft, additional information will be required before the total fiscal impact of this legislation can be determined. | |||||||||