An Act To
Maine Legislature, Session 128, LD 0409
Committee Amendment CA_A_S99 (Senate)
Amends: 5 MRSA §17103, 5 MRSA §17438

COMMITTEE AMENDMENT "A " to S.P. 136, L.D. 409, Bill, "An Act To 
Amend the Laws Pertaining to the Maine Public Employees Retirement System" 
Amend the bill by inserting after section 10 the following: 
'Sec. 11. 5 MRSA §17103, sub-§3, as enacted by PL 1985, c. 801, §§5 and 7, is 
amended to rea:d: 
3. Meeting. The board shall meet at least onoe in eaoh month as it determines 
necessary for the transaction of such business as may properly come before it. ' 
Amend the bill by inserting after section 18 the following: 
'Sec. 19. 5 MRSA §17438, as enacted by PL 2007, c. 240, Pt. RRR, §2, 1s 
amended to read: 
§17438. Reporting requirements under Governmental Accounting Standards Board 
The system and trustees of the investment trust fund have no obligation to comply 
with reporting requirements related to the investment trust fund under Governmental 
Accounting Standards Board Statement Number 4J. 74, Financial Reporting for 
Postemployment Benefit Plans Other Than Pension Plans, or Governmental Accounting 
Standards Board Statement Number # 
75, Accounting and Financial Reporting ey 
Employers for Postemployment Benefits Other Than Pensions. The State is obligated to 
comply with the reporting requirements under Governmental Accounting Standards 
Board Statement Number 4J. 74 and Governmental Accounting Standards Board 
Statement Number # 7 5. The system shall account for the assets of the investment trust 
fund in its annual financial statements.' 
0 
Amend the bill by striking out all of section 25. 
Amend the bill in section 27 in § 18053-A in the first paragraph in the last line (page 
7, line 2 in L.D.) by inserting after the following: "purposes." the following: 'Premiums 
3 
for retiree group life insurance coverage under section 18061, subsection 2, and interest 
and dividends attributable to those premiums, may not be used to provide benefits for 
participants who are not retirees.' 
COMMITTEE AMENDMENT 
~(?YS 
COMMITTEE AMENDMENT" A, "to S.P. 136, L.D. 409 
Amend the bill by striking out all of section 3 3. 
Amend the bill in section 35 in § 18653-A in the first paragraph in the last line (page 
8, line 37 in L.D.) by inserting after the following: "purposes." the following: 'Premiums 
for retiree group life insurance coverage under section 18061, subsection 2, and interest 
and dividends attributable to those premiums, may not be used to provide benefits for 
participants who are not retirees.' 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
SUMMARY 
This amendment makes the following changes to the bill. 
1. It further clarifies the purposes for which the assets of the group life insurance 
program may not be used. 
2. It changes the board meeting requirements. 
3. 
It updates references to the Governmental Accounting Standards Board 
Statements that apply to postemployment benefits. 
4. 
It removes the provisions in the bill that make changes to how disability 
retirement benefits are calculated for part-time or seasonal employees. 
COMMITTEE AMENDMENT