Date Requested:February 25, 2008
Time Requested:11:28 AM
Agency: Public Employees Insurance Agency (PEIA)
CBD Number: Version: Bill Number: Resolution Number:
2008R2036 Comm. Sub. HB4471
CBD Subject: Making certain changes to the West Virginia State Police Retirement System
FUND(S)
2541
Sources of Revenue
Special Fund
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 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.

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2008
Increase/Decrease
(use"-")
2009
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
3. Explanation of above estimates (including long-range effect):
    


Memorandum
Person submitting Fiscal Note:
Chip Myers
Email Address:
CLIFFORD.M.MYERS@WV.GOV