Fiscal/Actuarial Note
Retirement Systems Impacted by Legislation:
Emergency Medical Services Retirement System
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 repeals prior disability provisions that were never intended to be included in the Plan. The repeal does not impact the benefits expected to become payable under the Plan in the current Actuarial Valuation for the Plan. Therefore, there is no increase in either the Normal Cost nor Actuarial Accrued Liabilities for 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    The prior disability provisions being repealed were not intended to be included in the Plan. These provisions were not included in the actuarial valautions for the Plan and therefore the repeal will not change any benefits expected to be payable.
Analysis of Impact on Public Pension Policy
    There are no costs associated with the repeal of the prior disability provisions. If not repealed, the provisions could result in disability benefit claims from non-members who have never participated in nor contributed to the Plan.
    The Bill results in Plan benefits consistent with the original intent of the Plan and its benefit design and funding contribution rates.
Fiscal Note Summary

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

    No impact on WV State government. Plan is local governments sponsored.

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):
    No impact on WV State government. Plan is local governments sponsored.

    No impact on WV State government. Plan is local governments sponsored.
Person Submitting Fiscal Note
Harry W. Mandel, Board Actuary, MAAA, MSPA, EA