FISCAL NOTE
Date Requested: January 26, 2015 Time Requested: 11:08 AM |
Agency: |
Consolidated Public Retirement Board |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2570 |
Introduced |
SB298 |
|
CBD Subject: |
Retirement |
---|
|
FUND(S):
PERS 2510
Sources of Revenue:
Other Fund State and local governmen
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The bill contains clarifying definitions for PERS trust funds. It does not increase benefits provided by PERS
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2015 Increase/Decrease (use"-") |
2016 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 bill is administrative in nature and does not increase the Normal Cost nor Accrued Actuarial Liabilities of the Plan.
Memorandum
Clarifiecation amendments for PERS
Person submitting Fiscal Note: Harry W. Mandel, Board Actuary, MAAA, MSPA, EA
Email Address: harry.w.mandel@wv,gov