Date Requested: February 13, 2015
Time Requested: 03:48 PM
Agency: Municipal Pensions Oversight Board
CBD Number: Version: Bill Number: Resolution Number:
2888 Introduced SB483
CBD Subject: Retirement


FUND(S):



Sources of Revenue:

Other Fund No State Funds Involved

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    The election of paid members of a police department or retirees receiving benefits from a policemen's pension and relief fund to be on the Board of Trustees of the Policemen's Pension and Relief Fund of (name of municipality) does not impact any state funds. Elections are carried out in the manner allowed in section 18, article 22, chapter 8 of the West Virginia Code by the then members of the municipal paid police department.



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):


    Elections of municipal policemen's pension and relief fund boards of trustees are held by municipal police departments who have municipal policemen's pension funds. There is no cost to the State of West Virginia or any of its agencies or boards.



Memorandum


    Elections of municipal policemen's pension and relief fund boards of trustees are held by municipal police departments who have municipal policemen's pension funds. There is no cost to the State of West Virginia or any of its agencies or boards.



    Person submitting Fiscal Note: Blair M Taylor
    Email Address: Blair.M.Taylor@wv.gov