FISCAL NOTE



FUND(S):

2180

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.


The purpose of this bill is to clarify exemption of public employees and public employers from the requirements of the insurance provisions of chapter thirty-three of this code. This bill clarifies, and the Insurance Commissioner agrees, that the Public Employees Insurance Agency is exempt. The Public Employees Insurance Agency is a plan established and maintained by the State of West Virginia as a governmental plan and as such is also exempt from the Employee Retirement Income Security Act of 1974 (ERISA). Due to this exemption and the Insurance Commissioners interpretation the Public Employees Insurance Agency is not regulated by chapter thirty-three of the WV code.



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):






Memorandum






    Person submitting Fiscal Note: CHIP MYERS
    Email Address: CLIFFORD.M.MYERS@WV.GOV