Fiscal/Actuarial Note
Date Requested:January 27, 2010
Time Requested:02:44 PM
Agency: Consolidated Public Retirement Board
CBD Number: Version: Bill Number: Resolution Number:
2010R1397 Introduced HB4185
CBD Subject: RETIREMENT AGE FOR DEPUTY SHERIFFS
Retirement Systems Impacted by Legislation:
Deputy Sheriff Retirement System
FUND(S)
DSRS 2150
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 modifies current civil service statutes for deputy sheriffs to allow continued employment past age 65 in the case where a deputy sheriff receives written authorization to continue employment by his sheriff.
    
    This change is not expected to change liabilities nor contributions to the DSRS.
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
N/A N/A
Explanation of above estimates
    Currently deputy sheriffs in the DSRS have a mandatory retirement age of 65 in civil service statutes. The bill allows a sheriff to provide written authorization to work past age 65 in limited circumstance.
    
    The change in the bill is not expected to significantly change retirement usage in DSRS. As such, the bill has no impact on either the Normal Cost nor the Actuarial Accrued Liabilities of DSRS.
Analysis of Impact on Public Pension Policy
    The bill has no impact on pension policy for DSRS.
    
    The bill does impact civil service rules regarding mandatory retirement for deputy sheriffs. The impact of allowing selective deputies to work past age 65 should be carefully reviewed.
Fiscal Note Summary

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

    This impacts a local governmental plan and employees only and does not impact the costs nor revenues of 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
2010
Increase/Decrease
(use"-")
2011
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services
Current Expenses
Repairs and Alterations
Assets
Other
2. Estimated Total Revenues
3. Explanation of above estimates (including long-range effect):
    This impacts a local governmental plan and employees only and does not impact the costs nor revenues of state government.


Memorandum
    This impacts a local governmental plan and employees only and does not impact the costs nor revenues of state government.
Person Submitting Fiscal Note
Harry W. Mandel, Board Actuary, MAAA, MSPA, EA
Email
harry.w.mandel@wv.gov