| 122nd MAINE LEGISLATURE | |||||||||
| LD 1021 | LR 0263(18) | ||||||||
| An Act To Implement Task Force Recommendations Relating to Parity and Portability of Benefits for Law Enforcement Officers and Firefighters | |||||||||
| Fiscal Note for House Amendment " " to Committee Amendment " " | |||||||||
| Sponsor: Rep. Rines | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $0 | ($3,413,255) | ($3,810,148) | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $0 | ($3,413,255) | ($3,810,148) | |||||
| Other Funds | $0 | ($81,000) | ($109,392) | ($111,894) | |||||
| Revenue | |||||||||
| Other Funds | $0 | $282,750 | $592,644 | $621,091 | |||||
| Fiscal Detail and Notes | |||||||||
| The numbers above represent the incremental differences between this amendment and the majority report. The amendment requires participants in the newly created Retired County and Municipal Law Enforcement Officers and Municipal Firefighters Health Insurance Program to make contributions for 5 years in order to be eligible for coverage under the program, but allows individuals who retire before January 1, 2012, but who as of January 1, 2007, were employed and had at least 20 years of service, to buy into the program upon retirement by paying the equivalent of five years of contributions. The amendment establishes the contribution, effective January 1, 2007, equal to 2.0% of gross wages. | |||||||||
| For the purposes of this fiscal note, it is assumed that all of the estimated 2,900 active law enforcement officers and firefighters would be required to participate, paying the 2.0% assessment on an average salary of $30,000. The amendment's premium subsidy payments toward the cost of health insurance for eligible, pre-Medicare, retired law enforcement officers and firefighters would not take effect until January 1, 2012, and would be self-funded by employee contributions made to the program. | |||||||||