FISCAL NOTE
FUND(S):
Deferred Compensation Matching Fund
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
SB325 presents technical cleanup language which clarifies how long a state employee must participate in the Deferred Compensation Matching Program in order to qualify for up to $100 of state match through FY2012. The matching program was established by the Legislature during its 2007 session and cannot provide matching benefits to employees until the fall of 2008. The bill does not change the starting date of the potential benefits, nor does it change the ending date of the program.
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):
As indicated above, this bill provides for technical language cleanup only and will not increase or decrease the costs of the program as it exists currently.
Memorandum
As indicated above, this bill provides for technical language cleanup only and will not increase or decrease the costs of the program as it exists currently.
Person submitting Fiscal Note: Blair Taylor
Email Address: blair.taylor@wvsto.com