FISCAL NOTE
FUND(S):
TRS 2601
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.
This bill provides for changes in administrative language requested by the Plan Administrator.
There are no changes in actual benefits to be paid to members due to the Bill.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2009 Increase/Decrease (use"-") |
2010 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):
Based on an actuarial review of the Bill, there are no changes in either the Normal Cost nor the Actuarial Accrued Liabilities expected due to the administrative changes contained in the Bill.
Memorandum
Bill clarifies certain administrative provisions to correspond to the administrative procedures adopted for the Plan.
Person submitting Fiscal Note: Harry W. Mandel, Board Actuary, MAAA, MSPA, EA
Email Address: Harry.W.Mandel@wv.gov