129th MAINE LEGISLATURE
		LD 2024		LR 3126(02)
	An Act To Remove from the Calculation of the Cost of Education the Maine Public Employees Retirement System Teacher Plan Unfunded Actuarial Liability
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Education and Cultural Affairs
	Fiscal Note Required: Yes
Fiscal Note
Removes inclusion of certain expenditures from state share calculation
Fiscal Detail and Notes
	Repealing the provision of law that allows for the inclusion of the State's expenditures for the unfunded actuarial liabilities of the State Employee and Teacher retirement plan that are attributable to teachers, as well as for retired teachers' health insurance premiums and retired teacher's group life insurance in the calculation of the state share percentage of the total cost of funding public education from kindergarten to grade 12 will not result in a change in the funding levels for these costs.
	Adding a provision that indicates the amount of funding that the State will contribute for the above expenditures over the 2020-2021 biennium also does not result in a change in the funding levels for these costs.