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Amend the amendment by striking out everything after the title and before the summary and inserting the following:
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Amend the bill by striking out the title and substituting the following:
‘An Act To Review the Laws Governing Retirement Benefits for Certain State Employees’
Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:
‘Sec. 1. Production of analysis. By January 2, 2015, the Executive Director of the Maine Public Employees Retirement System, referred to in this Act as "the executive director," shall:
1. Determine the number of active members of the Maine Public Employees Retirement System who, after having earned creditable service in the regular retirement program of the Maine Public Employees Retirement System in a capacity included in the Maine Revised Statutes, Title 5, section 17851-A, subsection 1, have earned creditable service under the 1998 Special Plan;
2. Identify changes to the current law governing qualification for retirement benefits under the Maine Public Employees Retirement System that are needed to allow all the creditable service benefits of an active member identified pursuant to subsection 1 earned in a capacity included in Title 5, section 17851-A, subsection 1 to be calculated as if earned under the 1998 Special Plan, regardless of when the creditable service was earned; and
3. Determine the cost to the State of implementing the changes identified in subsection 2.
Sec. 2. Report. The executive director shall report the results of the analysis, including any necessary implementing legislation, to the joint standing committee of the Legislature having jurisdiction over retirement matters by January 15, 2015. The joint standing committee of the Legislature having jurisdiction over retirement matters may submit a bill related to the report to the First Regular Session of the 127th Legislature.
 
SUMMARY
This amendment strikes the provisions of the bill and the provisions of Committee Amendment "A" that provide that service retirement benefits for a Capitol Police officer in the employment of the Department of Public Safety, Bureau of Capitol Police on the effective date of the legislation must be computed on the basis of all of the member's creditable service, regardless of when that service was earned.
This amendment retains the provisions of Committee Amendment "A" that direct the Executive Director of the Maine Public Employees Retirement System to determine the number of active members who have earned creditable service in the 1998 Special Plan after having earned creditable service in the regular plan in a capacity set forth in the Maine Revised Statutes, Title 5, section 17851-A, subsection 1; identify the required changes to the laws governing retirement benefits to allow service benefits for a current member of the 1998 Special Plan to be computed on the basis of all the member's creditable service in a capacity set forth in Title 5, section 17851-A, subsection 1, regardless of when that service was earned; and calculate the cost to the State of implementing such a change. The executive director is required to report the results of the analysis to the joint standing committee of the Legislature having jurisdiction over retirement matters.
FISCAL NOTE REQUIRED
(See attached)