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.