121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1009
		An Act Concerning Retirement Benefits for State Employees
		LR1654(01)
		Fiscal Note for Original Bill
		Sponsor: Rep. Duplessie of Westbrook
		Committee: Labor
Fiscal Note
Undetermined current biennium cost increase - General Fund
Fiscal Detail and Notes
	This bill revises the definition of average final compensation such that no reduction will be experienced for the days without pay required for state employees during the fiscal year beginning July 1, 2002.  This change will require the Maine State Retirement System to calculate the average final compensation to include earnings where no employee or employer contributions have been paid.  This bill will result in an increase in the Maine State Retirement System's unfunded liability in an amount that can not be determined at this time but will need to be funded by the State.