Date Requested: February 24, 2015
Time Requested: 03:20 PM
Agency: Consolidated Public Retirement Board
CBD Number: Version: Bill Number: Resolution Number:
3294 Introduced HB2995
CBD Subject: Retirement


FUND(S):

DSRS 2150

Sources of Revenue:

Other Fund Local Governments

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    DSRS is a local governmental plan and therefore does not impact either costs nor revenues of state government.



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):


    DSRS is a local governmental plan and therefore does not impact either costs nor revenues of state government.



Memorandum


    Since DSRS covers only local governmental members there is no impact on State Government for this improvement



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