LD 1719
pg. 2
Page 1 of 2 An Act To Establish the Administrative Operating Budget for the Maine State Ret... LD 1719 Title Page
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LR 3059
Item 1

 
Sec. 3. Transfers of allocations; year-end balances. Transfers of allocations
and carry-forwards of unexpended balances must be carried out in
accordance with the Maine Revised Statutes, Title 5, section
17103, subsection 13.

 
Sec. 4. Collective bargaining agreements approval. The allocations made in
section 1 of this Act and the attributions made in section 2 of
this Act include the amounts required to fund the collective
bargaining agreements approved in Private and Special Law 2003,
chapter 34, which are effective until October 31, 2006.

 
Sec. 5. Technology replacement approval. Of the amount authorized to be
expended in section 1 of this Act, $200,000 is a new expenditure
request towards the cost of a complete line-of-business automated
system that includes within it replacing the current benefits
payroll technology, which will become unsupported and obsolete on
December 31, 2006.

 
Sec. 6. Authorization to expend retirement system reserve administrative operating
funds. Of the amount authorized to be expended in section 1 of
this Act for the administrative and operating costs of the
retirement system, $400,000 of this amount must be provided from
the system's Administrative Expense Fund established in the Maine
Revised Statutes, Title 5, section 17301.

 
Emergency clause. In view of the emergency cited in the preamble,
this Act takes effect July 1, 2006.

 
SUMMARY

 
The Maine State Retirement System is required by statute to
present its annual operating budget to the Legislature for
approval. This bill is the system's 13th annual budget. It is
for fiscal year 2006-07.

 
This bill identifies the retirement system's personal services
costs and its costs for all other operating expenses.

 
For information purposes, the bill presents the attribution of
expenses to the 3 retirement system member and employer
categories: General Fund; Non-General Fund; and Participating
Local District.

 
This bill requests $200,000 to continue the funding of a
complete line-of-business computer system, including replacement
of aging and failing benefits payroll technology.


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