FISCAL NOTE
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