FISCAL NOTE
FUND(S):
PERS 2510 and TRS 2601
Sources of Revenue:
General Fund,Other Fund includes local government
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 a clarification of disability eligibility rules to exclude disabilities caused by vicious habits, intermperence or willful misconduct. Provides consistency with other CPRB plans disability provisions.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2010 Increase/Decrease (use"-") |
2011 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):
The changes in the bill provide a clarification of disability eligibility in PERS and TRS. The changes do not impact either the Normal Cost nor the Accrued Actuarial Liabilities for either plan.
Memorandum
The bill provides clarification language for disability administration by the CPRB. The change is intended to limit exposure to future litigation due to disability denial due to causes stated in the bill.
Person submitting Fiscal Note: Harry W. Mandel, Board Actuary, MAAA, MSPA, EA
Email Address: harry.w.mandel@wv.gov