| 122nd MAINE LEGISLATURE | |||||||||
| LD 1758 | LR 2471(02) | ||||||||
| An Act to Require the Maine State Retirement System To Divest Itself of Certain Holdings | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Labor | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Undetermined future biennium cost increase -All Funds | |||||||||
| Fiscal Detail and Notes | |||||||||
| This legislation may increase costs to the State and other public employers who make contributions to the Maine State Retirement System to fund the pension benefits of State employees, teachers, judges, legislators and municipal employees. Divestiture of MSRS holdings in the nation of Sudan may result in the future investment performance of the MSRS Trust Funds being lower than the 8% projected investment return currently in place. A lower than anticipated return on investment will result in higher contributions from the State and other public employers. The actual impact of this measure on investment returns can not be determined at this time. | |||||||||