Maine LD462: An Act to Amend the Eligibility Criteria for Creditable Service in the Armed Forces of the United States Under the Maine Public

What the bill says

An Act to Amend the Eligibility Criteria for Creditable Service in the Armed Forces of the United States Under the Maine Public Employees Retirement System" Amend the bill by inserting after section 2 the following: 'Sec. 3. Appropriations and allocations. The following appropriations and allocations are made. RETIREMENT SYSTEM, MAINE PUBLIC EMPLOYEES Retirement System - Retirement Allowance Fund 0085 Initiative: Provides one-time funds for the unfunded actuarial liability created as a result of expanding the periods of conflict for which members of the State Employee and Teacher Retirement Pr.

From the engrossed text:

An Act to Amend the Eligibility Criteria for Creditable Service in the Armed Forces of the United States Under the Maine Public Employees Retirement System" Amend the bill by inserting after section 2 the following: 'Sec. 3. Appropriations and allocations. The following appropriations and allocations are made. RETIREMENT SYSTEM, MAINE PUBLIC EMPLOYEES Retirement System - Retirement Allowance Fund 0085 Initiative: Provides one-time funds for the unfunded actuarial liability created as a result of expanding the periods of conflict for which members of the State Employee and Teacher Retirement Program who served in the armed forces during those conflicts can purchase service credit at a subsidized rate. GENERAL FUND 2025-26 2026-27 All Other $2,600,000 $0 __________ __________ GENERAL FUND TOTAL $2,600,000 $0 2251 ' Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively. SUMMARY 2299 This amendment is the unanimous report of the committee. The amendment adds an 3300 appropriations and allocations section to the bill. 3311 FISCAL NOTE REQUIRED 3322 (See attached) Page 1 - 132LR1623(02) COMMITTEE AMENDMENT

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