124th MAINE LEGISLATURE
		LD 125		LR 143(01)
	Resolve, To Establish the Blue Ribbon Commission To Study the Functions and Operations of the Maine Public Employees Retirement System
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Tuttle, Jr. of Sanford
	Committee: Labor
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium cost increase - General Fund
Legislative Cost/Study
	The general operating expenses of this study are projected to be $2,430 in fiscal year 2009-10.  The Legislature's proposed budget includes $20,000 in fiscal year 2009-10 for legislative studies.  Whether the amounts are sufficient to fund all studies will depend on the number of studies authorized by the Legislative Council and the Legislature.
Fiscal Detail and Notes
	The Maine Public Employees Retirement System had indicated that until further information is known as to what specifically will be required of the System during the examination of its functions and operations, including whether or not the services of its actuary will be needed, it is unable to determine the fiscal impact of this measure on the System or the ability of the System to absorb the costs within existing resources.