FISCAL NOTE
Date Requested: January 12, 2024
Time Requested: 06:06 PM |
| Agency: |
County Commissioners' Association of West Virginia |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1011 |
Introduced |
SB424 |
|
|---|
| CBD Subject: |
Retirement |
|---|
|
FUND(S):
County Government
Sources of Revenue:
General Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Passage of this legislation would increase the multiplier for deputies' retirement and would not have an immediate impact to county budgets. There could possibly be an impact in future years with an increase in employer contributions, which would be determined by the CPRB Actuary.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2024
Increase/Decrease
(use"-") |
2025
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):
Passage of this legislation would increase the multiplier for deputies' retirement and would not have an immediate impact to county budgets. There could possibly be an impact in future years with an increase in employer contributions, which would be determined by the CPRB Actuary.
Memorandum
Passage of this legislation would increase the multiplier for deputies' retirement and would not have an immediate impact to county budgets. There could possibly be an impact in future years with an increase in employer contributions, which would be determined by the CPRB Actuary.
Person submitting Fiscal Note: Nancy Butcher
Email Address: nancy@ccawv.org