FISCAL NOTE
FUND(S):
Sources of Revenue:
Other Fund NA
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The provisions of the bill increases the probability of the retirement plans achieving the 7.5% rate of return assumed by the CPRB actuary.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2014
Increase/Decrease
(use"-") |
2015
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 |
Explanation of above estimates (including long-range effect):
Memorandum
The provisions of the bill increases the probability of the retirement plans achieving the 7.5% rate of return assumed by the CPRB actuary.
Person submitting Fiscal Note: Matthew Jones
Email Address: matt.jones@wvimb.org