FISCAL NOTE
FUND(S):
Sources of Revenue:
Other Fund Retiree pay all program
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to make available to retired participants in PEIA the optional dental, vision, and audiology and hearing-aid services insurance plans that are available to current public employee participants.
The Public Employees Insurance Agency made the optional dental and vision benefits available to retired participants July 1, 2004. All premium and administrative costs for the elected plans are borne strictly by the retiree.
The Public Employees Insurance Agency does not offer an optional audiology or hearing-aid program.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2005
Increase/Decrease
(use"-") |
2006
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Memorandum
The Public Employees Insurance Agency does not offer an optional audiology or hearing-aid program.
It is suggested that within the new language the word "shall" be replaced by the word "may" to give the Director the latitude and flexibility to include retirees in future optional benefit offerings.
Person submitting Fiscal Note: Chip Myers
Email Address: cmyers@wvadmin.gov