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Resolve, To Continue a Review of the State Employee and Teacher Retirement Plan
Emergency preamble. Whereas, acts and resolves of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas,  this resolve continues a working group to evaluate and design retirement plan options for all state employees and teachers; and
Whereas,  the working group has already been convened pursuant to Resolve 2017, chapter 14; and
Whereas,  an interruption in the activities of the working group would be to the detriment of the goals and timelines established for the working group; 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
Sec. 1 Resolve 2017, c. 14, §2, amended. Resolved: That Resolve 2017, c. 14, §2 is amended to read:
Sec. 2 Preliminary report. Resolved: That no later than January 1, 2018, the Maine Public Employees Retirement System shall submit to the Legislature the a preliminary report of the working group established in section 1 on the retirement plan option or options that the working group recommends for consideration by the Legislature, including any necessary implementing legislation that, notwithstanding Joint Rule 353, is authorized for introduction to the Second Regular Session of the 128th Legislature.; and be it further
; and be it further
Sec. 2 Resolve 2017, c. 14, §3, enacted. Resolved: That Resolve 2017, c. 14, §3 is enacted to read:
Sec. 3  Final report. Resolved:  That no later than December 1, 2019, the Maine Public Employees Retirement System shall submit to the joint standing committee of the Legislature having jurisdiction over retirement matters the final report of the working group established in section 1 on the retirement plan option or options that the working group recommends, including proposed legislation. The joint standing committee is authorized to introduce legislation in the 129th Legislature on matters related to the report.
; and be it further
Sec. 3 Retroactivity. Resolved: That this resolve applies retroactively to January 1, 2018.
Emergency clause.  In view of the emergency cited in the preamble, this legislation takes effect when approved.
 
SUMMARY
This resolve directs the Maine Public Employees Retirement System and the Department of Administrative and Financial Services, within their existing resources, to continue the working group to evaluate and design retirement plan options for all state employees and teachers. The Maine Public Employees Retirement System is directed to submit the final recommendation of the working group, including any necessary implementing legislation, to the joint standing committee of the Legislature having jurisdiction over retirement matters by December 1, 2019.
FISCAL NOTE REQUIRED
(See attached)