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130th MAINE LEGISLATURE |
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LD 1746 |
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LR 2123(02) |
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An Act To Expand
the 1998 Special Retirement Plan To Include Employees Who Work for the Office
of Chief Medical Examiner |
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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 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
Net Cost
(Savings) |
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General Fund |
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$0 |
$493,605 |
$36,932 |
$38,114 |
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Appropriations/Allocations |
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General Fund |
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$0 |
$493,605 |
$36,932 |
$38,114 |
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Federal Expenditures Fund |
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$0 |
$1,403 |
$1,448 |
$1,494 |
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Fiscal Detail
and Notes |
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This bill
includes General Fund appropriations of $493,605 and Federal Expenditures
Fund allocations of $1,403 in fiscal year 2022-23 for the costs of allowing
employees of the Office of Chief Medical Examiner to participate in the 1998
Special Plan. Of these amounts, a
one-time General Fund appropriation of $457,818 in fiscal year 2022-23 is
provided to the Retirement System - Retirement Allowance Fund within the
Maine Public Employees Retirement System for the unfunded actuarial liability
created as a result of allowing service retirement benefits for these
employees earned under the regular state employee and teacher plan to be
calculated under the 1998 Special Plan.
Additionally, a General Fund appropriation of $35,787 and a Federal
Expenditures Fund allocation of $1,403 in fiscal year 2022-23 is provided to
the Office of Chief Medical Examiner within the Department of the Attorney
General for the prospective costs of moving the positions to the 1998 Special
Plan |
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