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


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
Fiscal Year
(Upon Full
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.


    Clarifiecation amendments for PERS

    Person submitting Fiscal Note: Harry W. Mandel, Board Actuary, MAAA, MSPA, EA
    Email Address: harry.w.mandel@wv,gov