An Act to Establish the Administrative Operating Budget for the Maine State Retirement System for the Fiscal Year Ending June 30,
Maine Legislature, Session 121, LD 0011
Committee: Labor

12lst MAINE LEGISLATURE 
Legislative Document 
No.ll 
H.P.lS 
House of Representatives, January 14, 2003 
An Act to Establish the Administrative Operating Budget for the 
Maine State Retirement System for the Fiscal Year Ending June 30, 
2004 
(EMERGENCY) 
Reported by Representative SMITH of Van Buren for the Maine State Retirement System 
pursuant to the Maine Revised Statutes, Title 5, section 17103, subsection 13. 
Reference to the Committee on Labor suggested and ordered printed under Joint Rule 21S. 
Printed on recycled paper 
/rl~ 
/J7.7l/dc~ 
MILLICENT M. MacFARLAND 
Clerk 
Emergency preamble. Whereas, Acts of the Legislature do not 
become effective until 90 days after adjournment unless enacted 
as emergencies; and 
Whereas, the 90-day period may not terminate until after the 
beginning of the next fiscal year; and 
Whereas, certain obligations and expenses incident to the 
operation of the Maine State Retirement System will become due 
and payable before the 90-day period may terminate; and 
Whereas, in the judgment of the Legislature, these facts 
create an emergency within the meaning of the Constitution of 
Maine 
and 
require 
the 
following 
legislation 
as 
immediately 
necessary for the preservation of the public peace, health and 
safety; now, therefore, 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1. Allocation of funds. 
Administrative operating expenses 
of the Maine State Retirement System for the fiscal year ending 
June 30, 2004 must be paid from the retirement system's Expense 
Fund in accordance with the following schedule. 
MAINE STATE RETIREMENT SYSTEM 
Personal Services 
All Other 
MAINE STATE RETIREMENT SYSTEM 
TOTAL ALLOCATIONS 
2003·04 
$7,098,675 
2,860,570 
$9,959,245 
Sec. 2. Attribution of costs. 
The expenses identified in section 
are attributed as follows. 
2003·04 
MAINE STATE RETIREMENT SYSTEM 
General Fund 
Non-General Fund 
Participating Local District and Other 
MAINE STATE RETIREMENT SYSTEM 
TOTAL ATTRffiUTIONS 
Page l-LR0300(1) 
$6,697,592 
1,508,826 
1,752,827 
$9,959,245 
Sec. 3. Transfers of allocations; year-end balances. 
Transfers of 
allocations and carry-forwards of unexpended balances must be 
carried out in accordance with the Maine Revised Statutes, Title 
5, section 17103, subsection 13. 
Sec. 
4. 
Authorization 
to 
expend 
retirement 
system 
reserve 
administrative operating funds. 
Of 
the 
amount 
authorized to 
be 
expended 
in section 
for 
the 
administrative 
costs 
of 
the 
retirement system, $100,000 must be provided from the system's 
reserve administrative operating funds. 
Emergency clause. 
In view of the emergency cited in the 
preamble, this Act takes effect July 1, 2003. 
SUMMARY 
Effective July 1, 1993, the Maine State Retirement System is 
required by statute to present its annual operating budget to the 
Legislature for approval. 
This bill is the system's 10th annual 
budget. 
It is for fiscal year 2003-04. 
This 
bill 
identifies 
the 
retirement 
system's 
personal 
services costs and its costs for all other operating expenses. 
For information 
of 
expenses 
to 
the 
categories: 
General 
Local District. 
purposes, the bill presents the attribution 
retirement 
system 
member 
and 
employer 
Fund; 
Non-General 
Fund; 
and Participating