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


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