Date Requested:February 08, 2005
Time Requested:06:28 PM
Agency: Corrections
CBD Number: Version: Bill Number: Resolution Number:
2005R500 Intro SB21
CBD Subject: Correction Employee Pay Raise
FUND(S)
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.

    The Division of Corrections will be required to expend an additional $10,575,712.00, including associated benefits, to fund this legislation annually.
Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2005
Increase/Decrease
(use"-")		 2006
Increase/Decrease
(use"-")		 Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 10,575,712 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):
    
    Number of position = 2,170 x $4,000 salary increase = $8,680,000.00
    Workers Comp $8,680,000.00 x .0369 = $320,292.00
    Retirement $8,680,000.00 x .105 = $911,400.00
    Social Security $8,680,000.00 x .0765 = $664,020.00
    
    TOTAL needed to fund annually $10,575,712.00

Memorandum
Person submitting Fiscal Note:
Loita Butcher - WV Division of Corrections
Email Address:
butchl@mail.wvnet.edu