Resolve, Directing the Advisory Council on Tax-deferred Arranqements To Study Deferred Retirement Option Proqrams Further amend the bill by striking out everything after the title and before the summary and inserting in its place the fOllowing: Sec. 1. Advisory Council on Tax-deferred Arrangements to study deferred retirement options. Resolved: That the Advisory Council on Tax-deferred Arrangements, established by the Maine Revised Statutes, Title 5, section 12004-1, subsection 25, shall study whether it is in the interest of the State and of employees and retirees who are members of the Maine State Retirement System to make available a deferred retirement option program as part of the deferred compensation programs offered to these employees and retirees; and be it further Sec. 2. Report and recommendations. Resolved: That the Advisory Council on Tax-deferred Arrangements shall report its findings and recommendations, including suggested legislation if appropriate, to the Joint Standing Committee on Labor no later than January 15, 2006; and be it further Page l-LR1840(2) COMMITTEE AMENDMENT
Maine Legislature, Session 122, LD 0978
Committee Amendment CA_A_H145 (House)

COMMITTEE AMENDMENT "/},, to H. P. 688, L.D. 978, Bill, "An 
Act 
To 
Allow 
State 
Employees 
To 
Participate in 
a 
Deferred 
Retirement Option Program" 
Amend the bill by striking out the title and substituting 
the following: 
'Resolve, 
Directing 
the 
Advisory 
Council 
on 
Tax-deferred 
Arranqements To Study Deferred Retirement Option Proqrams' 
Further amend the bill by striking out everything after the 
title and before the summary and inserting in its place the 
fOllowing: 
'Sec. 1. Advisory Council on Tax-deferred Arrangements to study 
deferred retirement options. Resolved: 
That the Advisory Council on 
Tax-deferred 
Arrangements, 
established 
by 
the 
Maine 
Revised 
Statutes, Title 5, section 12004-1, subsection 25, shall study 
whether it is in the interest of the State and of employees and 
retirees who are members of the Maine State Retirement System to 
make available a deferred retirement option program as part of 
the deferred compensation programs offered to these employees and 
retirees; and be it further 
Sec. 2. 
Report and recommendations. 
Resolved: 
That 
the 
Advisory Council on Tax-deferred Arrangements shall report its 
findings and recommendations, including suggested legislation if 
appropriate, to the Joint Standing Committee on Labor no later 
than January 15, 2006; and be it further 
Page l-LR1840(2) 
COMMITTEE AMENDMENT 
,,,., 
..z.~ 
';fi) 
~.,~ 
COMMITTEE AMENDMENT .. /1:. to H.P. 688, L.D. 978 
Sec. 3. Administrative support. Resolved: 
That the Department 
of 
Administrative 
and 
Financial 
Services 
shall 
provide 
administrative support for the study under section 1, and any 
costs associated with this study must be absorbed within existing 
budgeted resources; and be it further 
Sec. 4. Authority to report out legislation. Resolved: 
That the 
Joint Standing Committee on Labor is authorized to report out 
legislation concerning the study under section 1 to the Second 
Regular Session of the l22nd Legislature •• 
SUMMARY 
This amendment replaces the bill with a resolve directing 
the 
Advisory 
Council 
on 
Tax-deferred 
Arrangements 
to 
study 
whether it is in the interest of the State and of employees and 
retirees who are members of the Maine State Retirement System to 
make available a deferred retirement option program as part of 
the deferred compensation programs offered to these employees and 
retirees. 
The resolve also sets a deadline of January 15, 2006 
for a report to the Joint Standing Committee on Labor including 
the Advisory Council on Task-deferred Arrangements's findings, 
recommendations 
and 
suggested 
legislation, 
directs 
that 
the 
Department 
of 
Administrative 
and 
Financial 
Services 
provide 
administrative support for the study within existing resources 
and gives the Joint Standing Committee on Labor authority to 
report out legislation concerning the study to the Second Regular 
Session of the l22nd Legislature. 
FISCAL NOTE REQUIRED 
(See attached) 
COMM/rrEE AMENDMENT 
Approved: 03/22/05 frac:... 
LD978 
LR 1840(02) 
An Act to Allow State Employees to Participate in a Deferred Retirement Option Program 
Fiscal Note for Bill as Amended by Committee Amendment 11-
Committee: Labor 
Fiscal Note Required: Yes 
Fiscal Note 
Minor cost increase - General Fund 
LR1840(2) - Fiscal Note - Page 1 of 1