FISCAL NOTE

Date Requested: February 22, 2017
Time Requested: 08:33 AM
Agency: Consolidated Public Retirement Board
CBD Number: Version: Bill Number: Resolution Number:
2357 Introduced HB2641
CBD Subject: Retirement, Taxation


FUND(S):

PERS 2501

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.


There are no changes to any current or future PERS retirement benefits, and therefore no pension costs or savings. A Fiscal Note should be requested from the WV Department of Revenue, as this bill would affect WV State Tax collections.



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):


There are no changes to any current or future PERS retirement benefits, and therefore no pension costs or savings. A Fiscal Note should be requested from the WV Department of Revenue, as this bill would affect WV State Tax collections.



Memorandum


A Fiscal Note should be requested from the WV Department of Revenue, as this bill would affect WV State Tax collections.



    Person submitting Fiscal Note: Melody Bailey, Actuarial Analyst, WVCPRB
    Email Address: melody.j.bailey@wv.gov