121st Maine Legislature
		Office of Fiscal and Program Review
		LD 1656
		An Act to Establish the Administrative Operating Budget for the Maine State Retirement System for the Fiscal Year Ending June 30, 2005
		LR 2666(02)
		Fiscal Note for Bill as Amended by Committee Amendment " "
		Committee: Labor
		Fiscal Note Required: Yes
Fiscal Note
Consistent with Budgeted Amounts - General Fund
Consistent with Budgeted Amounts - Highway Fund
Consistent with Budgeted Amounts - Fund for a Healthy Maine
Consistent with Budgeted Amounts - Other Funds
Fiscal Detail and Notes
	This bill establishes the administrative operating budget for the Maine State Retirement System for fiscal year 2004-05 in the amount of $9,959,245.  Eight-two percent of this amount, $8,206,418, is paid by the State with the General Fund's share estimated at 67%, or $6,697,592.  The proposed current services budget for the fiscal year 2003-04 and fiscal year 2004-05 biennium includes funds sufficient for the State's share of the system's fiscal year 2004-05 operating costs.