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An Act To Fund the Purchase of Maine State Retirement System Time by Certain Veterans
Be it enacted by the People of the State of Maine as follows:
Sec. 1. Appropriations and allocations. The following appropriations and allocations are made.
 
RETIREMENT SYSTEM, (BOARD OF TRUSTEES OF THE) MAINE STATE
 
Retirement System - Retirement Allowance Fund 0085
 
Initiative: Appropriates funds to allow for 3 members per year who the Maine State Retirement System has determined are qualified to purchase military service credit at a subsidized rate pursuant to Public Law 2003, chapter 693.

GENERAL FUND	2007-08	2008-09	
All Other	$88,202	$127,138	
 	  	  	
GENERAL FUND TOTAL	$88,202	$127,138	

SUMMARY
This bill makes General Fund appropriations of $88,202 in fiscal year 2007-08 and $127,138 in fiscal year 2008-09 to the Maine State Retirement System to allow for 3 members per year who the Maine State Retirement System has determined are qualified to purchase military service credit at a subsidized rate pursuant to Public Law 2003, chapter 693.