|Date Requested:February 25, 2008
Time Requested:11:28 AM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
| The purpose of this bill is to increase the member and state contributions to the system for a ten year period and reducing the normal retirement age for members.
The Public Employees Insurance Agency does not expect any significant cost associated with passage of this bill. It is anticipated to increase the Other Post Employment Benefit by approximately $500,000.
|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):