Approved: 04/16/25
LD 1283 LR 1102(01)
Fiscal Detail and Notes
Preliminary Fiscal Impact Statement
Current biennium cost increase - Maine Retirement Savings Program Enterprise Fund
The Maine Retirement Savings Board will incur costs to change the Maine Retirement Savings Program from an "opt-
out" program to an "opt-in" program. The amount can not be estimated at this time, however, the board has indicated
that these costs will be absorbed within existing budgeted resources.
132nd MAINE LEGISLATURE
An Act to Allow Employees Covered Under the Maine Retirement Savings Program to Elect to Enroll
and Unenroll in a Payroll Deduction for an Individual Retirement Account
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Stewart of Aroostook
Committee: Health Coverage, Insurance and Financial Services
Fiscal Note Required: Yes
LR1102(01) - Fiscal Note - Page 1 of 1