121st Maine Legislature
		Office of Fiscal and Program Review
		LD 880
		An Act to Eliminate the Social Security Offset for Unemployment Benefits
		LR 0531(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		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.