FISCAL NOTE



FUND(S):

All State Agencies

Sources of Revenue:

Other Fund All State Agencies

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


This bill increases the increment from $60. to $100. The cost of the increment pay for July 2009 was $27,566,805 which was at $60 per year. To increase the increment to $100. would be a total of $46,210,286. The increase would be $18,643,481. This includes the increase in employer contributions for PERS from 11% to 17%.



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 18,643,481 18,643,481 18,643,481
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 total increased cost for increasing the incremental pay from $60 per year to $100 per year was determined to be $18,643,481. The payroll division of the State Auditor's Office ran a program to calculate these numbers by individual state agency. This payroll report by agency is available if needed by a committee.



Memorandum






    Person submitting Fiscal Note: Mack E. Parsons
    Email Address: mack.parsons@wvsao.gov