|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.
| 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.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||260,000||260,000|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
|Fund 0453, Activity 605, Trooper Retirement Fund: +$260,000|