Fiscal/Actuarial Note
Retirement Systems Impacted by Legislation:
Deputy Sheriffs' Retirement System
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

    This Bill provides for technical corrections, including a restatement of the error correction procedures.
    There are no increases in benefits provided under the Plan. There is no increase in either the Normal Cost nor the Actuarial Accrued Liabilities for 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
Explanation of above estimates
    There are no increases in benefits provided under the Plan due to this bill.
Analysis of Impact on Public Pension Policy
    The bill provides for technical changes clarifying current administrative procedures.
Fiscal Note Summary

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

    None - Local Governments sponsor the Plan.

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):
    None - Local Governments sponsor the plan.

Person Submitting Fiscal Note
Harry W. Mandel, MAAA, MSPA, EA, Board Actuary