Sec. 4. Duties. Resolved: That the commission shall study the Maine State Retirement System, the federal Social Security System and tax-advantaged accounts and the interrelationship among these retirement options; and be it further

Sec. 5. Report. Resolved: That the commission shall submit a report of its findings and, if any, recommendations and accompanying legislation to the Second Regular Session of the 119th Legislature and to the Joint Standing Committee on Labor by December 1, 1999. The Joint Standing Committee on Labor shall report out legislation based upon the report to the Second Regular Session of the 119th Legislature; and be it further

Sec. 6. Staff assistance. Resolved: That the commission shall request staffing and clerical assistance from the Legislative Council; and be it further

Sec. 7. Compensation. Resolved: That the commission members who are Legislators are entitled to receive the legislative per diem for each day's attendance at meetings of the commission.

Emergency clause. In view of the emergency cited in the preamble, this resolve takes effect when approved.

SUMMARY

This resolve establishes the Commission to Study the Interrelationship among the Maine State Retirement System, federal Social Security System and Tax-advantaged Accounts. The commission has 12 members, 6 with expertise or experience in retirement systems and 6 who are Legislators. The commission is to report to the Second Regular Session of the 119th Legislature and the Joint Standing Committee on Labor.