FUND(S):

0453

Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    Based upon current payroll cost projections for 484 member positions budgeted under the WV State Police Retirement System, or "PLAN B", the employer match contribution will increase approximately $260,000 per year.
    
    Other fiscal costs associated with this proposed legislation will need to be addressed by the Consolidated Public Retirement Board.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2008
Increase/Decrease
(use"-")
2009
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 260,000 260,000
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 260,000 260,000
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):


    



Memorandum


    Fund 0453, Activity 605, Trooper Retirement Fund: +$260,000 Person submitting Fiscal Note: Ron Twohig, Comptroller
     Email Address: rtwohig@wvsp.state.wv.us