Fiscal/Actuarial Note
Retirement Systems Impacted by Legislation:
Emergency Medical Services Retirement System
EMSRS trust fund
Sources of Revenue
You must select Revenue Source(s)!
Other Fund Local Governments
Does the proposed legislation create:
You must make a selection(s)!
Neither Program nor Fund

    The bill provides clean up language for plan administration.
    The bill does not modify the benefits generally payable under the Plan. There is no change in the Normal Cost nor the Actuarial Accrued Liabilities of the Plan due to the Bill.
    The Bill changes should help minimize the possibility of future litigation in the administration of the Plan.
Impact On Following Full Implementation
Increase in Unfunded Actuarial Accrued Liability Initial Impact on Annual Contribution Requirement of System(s) Contribution Increase as a Percentage of Annual Payroll
Total Annual Costs $0.00 $0.00 0.00 %
Normal Cost of System N/A $0.00 0.00 %
Past Service Liabilities $0.00 $0.00 0.00 %
Fiscal Year Past Service
Amortization Period Ends
Explanation of above estimates
    The bill’s provisions are administrative in nature as follows:
    1. PERS contribution transfer provisions for late EMSRS hires.
    2. Clarifies employer error correction policies and procedures.
    3. Clarifies the maximum employer contribution rate of 10.5% set by Board.
    The provisions as outlined do not impact the benefits under the Plan taken into account in the actuarial valuation process. The bill will not impact the Normal Cost nor Actuarial Accrued Liabilities of the Plan.
Analysis of Impact on Public Pension Policy
    Clean up provisions are required to assure uniform future administration of certain technical plan provisions. These changes will also minimize the possibility of future litigation.
Fiscal Note Summary

Explain in a clear and concise manner what effect this measure will have on costs and revenues of state government.

    EMSRS is a local government plan and will not impact State Government.

Fiscal Note Detail
Show over-all effect in Item 1 and 2 and, in Item 3, give an explanation of Breakdown by fiscal year, including long-range effect.
Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 0 0
Personal Services
Current Expenses
Repairs and Alterations
2. Estimated Total Revenues
3. Explanation of above estimates (including long-range effect):
    Not Applicable - local governmental plan.

    Not Applicable - local governmental plan.
Person Submitting Fiscal Note
Harry W. Mandel, Board Actuary, MAAA, MSPA, EA