123rd MAINE LEGISLATURE
		LD 776		LR 743(01)
	An Act To Establish the Operating Budget for the Maine State Retirement System for the Fiscal Year Ending June 30, 2008
	Fiscal Note for Original Bill
	Sponsor: Rep. Tuttle of Sanford
	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 2007-08 in the amount of $10,958,309.  Approximately 82% of this amount, or $8,985,814, is paid by the State.  The Governor's Recommended 2008-2009 Biennial Budget includes funds sufficient for the State's share of the system's fiscal year 2007-08 operating costs.