FUND(S):

None

Sources of Revenue:

Other Fund None

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    The proposed bill will not increase or decrease any state expenditures.
    
    The bill allows municipal policemens and firemens pension plans to utilize the actuarial valuations the State Treasurer's Office is mandated to provide annually to municipalities and the legislature.
    
    If a municipal policemens or firemens pension plan would choose to use the annual acturarial valuation that the state provides to municipalities and the legislature, the local pension plan would reduce its expenditures by not having to pay for a separate actuarial valuation and thus strengthening said pension plan.



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):


    The bill does not increase or decrease state expenditures.



Memorandum


    



    Person submitting Fiscal Note: Blair Taylor
    Email Address: blair.taylor@wvsto.com