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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1814 |
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An Act
Concerning Disability Retirement Benefits under the Maine State Retirement
System |
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LR 2564(01) |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Dudley of Portland |
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Committee: Labor |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Undetermined future biennium cost increase - All Funds |
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Fiscal Detail
and Notes |
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Continuing
the payment of disability benefits to recipients who, under current law,
would have their disability retirement benefit discontinued will result in
increased costs to the retirement plan.
The impact can not be determined at this time and will require the
services of the System's actuary to quantify the costs. These costs will ultimately be reflected
in the ongoing normal cost component of the employer retirement rate,
resulting in increased employer contributions to the Maine State Retirement
System for state employees and teachers. |
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