FISCAL NOTE

Date Requested: February 22, 2017
Time Requested: 10:40 AM
Agency: Consolidated Public Retirement Board
CBD Number: Version: Bill Number: Resolution Number:
2449 Introduced SB321
CBD Subject: Retirement, State Personnel


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