An Act To Amend The Eligibility Criteria For Creditable Service In The Armed Forces Of The United States Under The State Retirement System

This bill amends the Maine State Retirement System to allow employees to purchase credit for their military service during specific operations in Lebanon and Grenada at a subsidized rate. It requires the Maine Public Employees Retirement System to report annually to the Legislature on the number of members requesting this credit and the associated costs for the years 2024 through 2026. Additionally, the bill authorizes a one-time appropriation of $2.6 million from the General Fund to cover the unfunded liability created by expanding these eligibility periods.