| 124th MAINE LEGISLATURE | ||||||
| LD | LR 2029(01) | |||||
| An Act To Ensure Benefits for State Retirees | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Sen. Mitchell of Kennebec | ||||||
| Committee: Not Referred | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| Loss of potential savings - All Funds | ||||||
| Fiscal Detail and Notes | ||||||
| This legislation may result in the loss of the potential actuarial gains in those years when the consumer price index declines and retirement benefit amounts would be reduced. As a result, the State may not realize a decline in future contribution rates. | ||||||