121st Maine Legislature
		Office of Fiscal and Program Review
		LD 880
		An Act To Eliminate the Social Security Offset for Unemployment Benefits
		LR 0531(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Hutton of Bowdoinham
		Committee:  Labor
		Fiscal Note Required: Yes
Fiscal Note
Undetermined current biennium cost increase - All Funds
Current biennium revenue increase - Other Funds
Fiscal Detail and Notes
	The Department of Labor estimates this bill will increase benefits paid from the Unemployment Compensation Trust Fund beginning in fiscal year 2003-04.  The amount can not be determined at this time.  However, estimates developed by the Department of Labor using 2002 data indicate the increase in  benefit costs to be approximately $2,700,000.  The cost increase would move the unemployment contributions schedule from B to C for rate year 2005, increasing collections by $12,200,000 in 2005 and an additional $1,500,000 in 2006.  The State and all other direct reimbursement employers will be required to repay the Unemployment Compensation Trust Fund for the additional benefit payments.