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126th MAINE LEGISLATURE |
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LD 1657 |
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LR 2320(03) |
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An Act To Ensure
Equity in Teacher Retirement Costs for Private Academies |
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Fiscal Note for
Bill as Engrossed with:
C "A" (S-416) |
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Committee: Education and Cultural Affairs |
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Fiscal Note |
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Current biennium savings - Local School Administrative Units |
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Fiscal Detail
and Notes |
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Current law
requires that, for the 2013-14 and 2014-15 school years only, the maximum
allowable tuition that a school administrative unit (SAU) that sends students
to a private school is charged by a private school that participates in the
Maine Public Employees Retirement System must be increased, above the amount
otherwise permitted to be charged, by an amount equal to the calculated
normal cost of teacher retirement for the private school. The maximum allowable tuition is
determined utilizing actual costs from the prior year. For the 2014-2015 school year, the maximum
allowable tuition that a private school can charge a school administrative
unit will be calculated based on 2013-2014 school year costs plus the normal
cost of teacher retirement for the private schools. Requiring certain local school
administrative units to be charged an additional amount above the maximum
allowable tuition for the 2014-2015 school year may result in those SAU's
being charged twice for the normal cost of teacher retirement. This legislation repeals that requirement
for the 2014-2015 school year in order to avoid that possibility. |
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