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129th MAINE LEGISLATURE |
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LD 833 |
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LR 1420(02) |
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An Act To Provide
the Same Retirement Benefits for State Employees Working in Law Enforcement
as Are Provided to Law Enforcement Officers |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Labor and Housing |
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Fiscal Note Required: Yes |
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Fiscal Note |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
Appropriations/Allocations |
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Consolidated Emergency
Communications Fund |
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$0 |
$91,838 |
$95,052 |
$98,379 |
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Fiscal Detail
and Notes |
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Allowing
emergency communications specialists (including employees in a lead or
supervisory position) employed within the Department of Public Safety on or
after July 1, 2020 to participate in the 1998 Special Plan of the Maine
Public Employees Retirement System will increase both the normal cost and
unfunded actuarial liability components of the employer retirement rate,
resulting in increased employer contributions to the Maine Public Employees
Retirement System for these positions beginning in fiscal year 2020-21. |
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This legislation
includes a transition provision for those emergency communication specialists
hired by the department prior to July 1, 2020 which allows these employees to
elect to participate in the 1998 Special Plan no later than September 30,
2020. Based on an analysis performed
by the Maine Public Employees Retirement System, this fiscal note assumes
that 42 emergency communication specialists (including those employees in a
lead or a supervisory position) will elect to participate in the 1998 Special
Plan as soon as the option becomes available and the remaining specialists
will opt to stay in the State Regular Plan. This bill includes a Consolidated
Emergency Communications Fund allocation of
$91,838 in fiscal year 2020-21 to the Department of Public Safety for
the cost associated with moving the positions to the 1998 Special Plan. |
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If any of the
emergency communications specialists hired by the Department of Public Safety
prior to July 1, 2020 who choose to remain in the State Regular Plan
eventually retire or otherwise vacate their positions, any newly hired
emergency communication specialists will be placed in the 1998 Special Plan.
The additional cost to the department to fill these positions at the higher
employer contribution rate is estimated to be between $2,000 and $3,000 per
position annually. When this additional cost will be incurred cannot be
determined at this time. |
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