Actuarial Fiscal Note

Retirement Systems Impacted by Legislation:

Local Municipal Governmental Plans


Local Govts

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).

    This Bill adds up to 2 years of military service during employment for members of municipal plans.
    Municipal plans are not administered by the CPRB and therefore CPRB cannot provide an Actuarial/Fiscal note for the bill. Plans are administered at the local sponsor level.

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:

    Plans impacted by the bill are administered by local governments. CPRB does not administer the plans covered by the bill and cannot provide an actuarial cost analysis.

Analysis of Impact on Public Pension Policy:


Fiscal Note Summary

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

    No state impact - local governmental plans only.

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 state impact - local governmental plans only.


    No state impact - local governmental plans only.

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