FISCAL NOTE
Date Requested: February 22, 2017 Time Requested: 12:59 PM |
Agency: |
Consolidated Public Retirement Board |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2061 |
Introduced |
HB2649 |
|
CBD Subject: |
Retirement, State Personnel |
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|
FUND(S):
PERS 2501, TRS 2600, TDC 2190, SPTA 2392, SPTB 2393, JRS 2140, DSRS 2150, EMSRS 2615, MPFRS 2390
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.
Passage of the bill would result in no cost impact on the plans’ Unfunded Actuarial Accrued Liabilities or Normal Cost, and would result in no change to the plans’ contribution requirements.
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):
Passage of the bill would result in no cost impact on the plans’ Unfunded Actuarial Accrued Liabilities or Normal Cost, and would result in no change to the plans’ contribution requirements.
Memorandum
Current code provisions require that a crime must be a felony in order to be cause for disqualification under less than honorable service provisions. This bill would allow disqualification based on conviction of certain misdemeanors. Under current statute, prosecuting attorneys in each county would be required to report such convictions to the Board, and this bill makes no change to that requirement.
Person submitting Fiscal Note: Melody Bailey, Actuarial Analyst, WVCPRB
Email Address: melody.j.bailey@wv.gov