FISCAL NOTE
Date Requested: February 22, 2017 Time Requested: 08:32 AM |
Agency: |
Consolidated Public Retirement Board |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2629 |
Introduced |
HB2604 |
|
CBD Subject: |
Retirement |
---|
|
FUND(S):
Sources of Revenue:
Other Fund N/A
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Changes are administrative in nature, and so there is no direct impact on any contribution requirement for the state to any of the plans administered by CPRB.
Participating state agencies would be required to report information that is not currently being reported, and so there are potential one-time costs to update computer systems and processes to include such information, but those costs are not within CPRB’s ability to estimate.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2017 Increase/Decrease (use"-") |
2018 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):
Participating state agencies would be required to report information that is not currently being reported, and so there are potential one-time costs to update computer systems and processes to include such information, but those costs are not within CPRB’s ability to estimate.
Memorandum
Person submitting Fiscal Note: Melody Bailey, Actuarial Analyst, WVCPRB
Email Address: melody.j.bailey@wv.gov