An Act To Establish the Operating Budget for the Maine State Retirement System for the Fiscal Year Ending June 30, 2008
Maine Legislature, Session 123, LD 0776
Committee: Labor

Legislative Document 
No. 776 
H.P.594 
House of Representatives, February 15,2007 
An Act To Establish the Operating Budget for the Maine State 
Retirement System for the Fiscal Year Ending June 30, 2008 
(EMERGENCY) 
Reported by Representative TUTTLE of Sanford 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 218. 
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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 might 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 might become due and payable before the 90-day period 
terminates; 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 ofthe State of Maine as follows: 
Sec. 1. Allocation of funds. Operating expenses of the Maine State Retirement 
System for the fiscal year ending June 30, 2008 must be paid from the system's Expense 
Fund in accordance with the following schedule. 
MAINE STATE RETIREMENT SYSTEM 
Personal Services 
All Other 
TOT AL ALLOCATIONS 
2007-08 
$7,560,252 
$3,398,057 
$10,958,309 
2008-09 
$0 
$0 
$0 
Sec. 2. Attribution of costs. The expenses identified in section 1 are charged to 
the Maine State Retirement System's participating employers as follows. 
MAINE STATE RETIREMENT SYSTEM 
Participating Local Districts 
MAINE STATE RETIREMENT SYSTEM TOTAL 
ATTRIBUTIONS 
2007-08 
$8,985,814 
$1,972,495 
$10,958,309 
2008-09 
$0 
$0 
$0 
Sec. 3. Transfers of allocation; 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. Collective bargaining agreements approval. The latest collective 
bargaining agreements previously approved by the Legislature expired on October 31, 
2006. Successor bargaining is underway. The allocations made in section 1 of this Act 
and the attributions made in section 2 of this Act do not include any amounts that might 
be required to fund the new collective bargaining agreements. 
Sec. 5. Authorization to expend unauthorized funds in the Expense Fund. 
Of the amount authorized to be expended in section 1 of this Act for the administrative 
operating costs of the Maine State Retirement System, $600,000 will be provided from 
the system's Expense Fund established in the Maine Revised Statutes, Title 5, section 
17301. 
Emergency clause. In view of the emergency cited in the preamble, this Act takes 
effect when approved. 
SUMMARY 
The Maine State Retirement System is required by statute to present its annual 
operating budget to the Legislature for approval. This bill for fiscal year 2008 is the 
system's 14th annual budget. 
This bill identifies the system's personal servIces costs and its costs for other 
operating expenses for fiscal year 2008. 
For information purposes, the bill presents the attribution of expenses to the system's 
employer categories: the State of Maine and Participating Local Districts.