Actuarial Fiscal Note

Retirement Systems Impacted by Legislation:

Emergency Medical Services Retirement System



Sources of Revenue:

Other Fund Local Governments

Legislation creates:

Neither Program nor Fund

Actuarial Note Summary

Impact this measure will have on the liabilities and contributions associated with the retirement system(s).

    The Bill repeals prior disability provisions that were never intended to be included in the Plan. The repeal does not impact the benefits expected to become payable under the Plan in the current Actuarial Valuation for the Plan. Therefore, there is no increase in either the Normal Cost nor Actuarial Accrued Liabilities for the Plan.

Fiscal Detail of Actuarial Impact

Impact on current benefit costs, prior service benefit costs and ongoing contribution requirements following full implementation.

Impact On Following Full Implementation
Increase in Unfunded Actuarial Accrued Liability Initial Impact on Annual Contribution Requirement of System(s) Contribution Increase as a Percentage of Annual Payroll
Total Annual Costs $0.00 $0.00 0.00 %
Normal Cost of System N/A $0.00 0.00 %
Past Service Liabilities $0.00 $0.00 0.00 %
Fiscal Year Past Service
Amortization Period Ends

Explanation of above estimates:

    The prior disability provisions being repealed were not intended to be included in the Plan. These provisions were not included in the actuarial valautions for the Plan and therefore the repeal will not change any benefits expected to be payable.

Analysis of Impact on Public Pension Policy:

    There are no costs associated with the repeal of the prior disability provisions. If not repealed, the provisions could result in disability benefit claims from non-members who have never participated in nor contributed to the Plan.
    The Bill results in Plan benefits consistent with the original intent of the Plan and its benefit design and funding contribution rates.

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

    No impact on WV State government. Plan is local governments sponsored.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
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):

    No impact on WV State government. Plan is local governments sponsored.


    No impact on WV State government. Plan is local governments sponsored.

    Person submitting Fiscal Note: Harry W. Mandel, Board Actuary, MAAA, MSPA, EA
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