FISCAL NOTE
FUND(S):
PERS 2510, TRS 2601, Plan A 2161, Plan B 2162, JRS 2140, DSRS 2150 and TDC
Sources of Revenue:
General Fund,Other Fund varies by system
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill is a clarification for employer pick up contribution provisions. It additionally adds the Emergency Medical Services Retirement System as a CPRB administered system. Retirement benefits will not be impacted by the changes.
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 |
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):
There is no impact on the Normal Cost nor Actuarial Accrued Liabilities for any Plan covered under the Bill. Bill provides definition clarifications for employer pick up contributions and adds the Emergency Medical Services Retirement System to the systems being administered by CPRB.
Memorandum
None.
Person submitting Fiscal Note: Harry W. Mandel, MAAA, MSPA, EA, Board Actuary
Email Address: Harry.W.Mandel@wv.gov