Date Requested: January 21, 2015
Time Requested: 10:59 AM
Agency: Consolidated Public Retirement Board
CBD Number: Version: Bill Number: Resolution Number:
2258 Introduced HB2383
CBD Subject: State Personnel


FUND(S):

N/A

Sources of Revenue:

Other Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    The bill provides for a freeze on member contributions for the period July 1, 2015 thru June 30, 2018. This benefit does not impact the retirement benefits provided in CPRB administered plans.
    
    This bill should be referred to PEIA for analysis.



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):


    Benefits do not impact CPRB administered plans.



Memorandum


    This bill should be provided to PEIA for fiscal analysis.



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