|Date Requested:February 24, 2005
Time Requested:02:00 PM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
| Actuarial Note Regarding Pension Legislation
The Bill modifies certain provisions of Article 10A, Disqualification for Public Retirement Plan Benefits. The modifications do not impact either the Normal Cost nor the Actuarial Accrued Liabilities of the retirement systems covered under the Article. The modifications do not change the contribution requirements for the systems.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
The Bill contains certain modifications to the Article as follows:
1. Updates the Article to include the newer WV State Police Retirement System (Plan B), the Teachers Defined Contribution System (TDC, and the Deputy Sheriff Retirement System (DSRS)). All other state systems were already detailed as covered.
2. Adds being charged in an information plea for a crime.
3. Extends the allowable time period for notification to the affected member to two years from the current one year.
4. Adds a provision compelling Prosecuting Attorneys to notify the CPRB Executive Director within 60 days following a conviction or plea agreement to acts meeting the definition of less than honorable public serivce.
These changes allow the CPRB to more effectively carry out its mandate to disallow retirement benefits to state retirement system members who have been convicted of, or admitted to, acts of less than honorable public service. The time extension allows greater flexibility in making sure that all acts have been properly reported to the CPRB.
|The Bill provides for prosecuting attorneys to report to the CPRB executive director within 60 days following a conviction or plea agreement. There are no provisions for enforcement of the requirement.|