| 121st Maine Legislature | |||||||
| Office of Fiscal and Program Review | |||||||
| LD 992 | |||||||
| An Act to Clarify the Purchase of Military Time Served under the Maine State Retirement System | |||||||
| LR 1446(02) | |||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||
| Committee: Labor | |||||||
| Fiscal Note Required: Yes | |||||||
| Fiscal Note | |||||||
| No net fiscal impact. | |||||||
| Fiscal Detail and Notes | |||||||
| Because this legislation requires the member to pay the full actuarial cost of including the purchased military service toward the ten year requirement in such a way that the member moves from coverage in the post-July 1, 1993 plan to coverage in the pre-July 1, 1993 plan, no costs to the retirement plan are created. | |||||||