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).

    This Bill provides technical corrections and clean up provisions including definitions, error correction procedures, return to covered employment and correction of Disability Retirement eligibility provisions to be consistent with the actuarial treatment of disability eligibility.
    The bill does not increase either the Normal Cost nor the Actuarial Accrued Liabilities under 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:

    All changes are technical corrections or clean up provisions and do not impact either the Normal Cost nor the Actuarial Accrued Liabilities. Failure to correct the disability provisions would result in an increase in plan costs by providing for unintended eligibility for benefits not included in the actuarial costs of the plan.

Analysis of Impact on Public Pension Policy:

    The bill provides technical corrections and clean up to assist CPRB in the administration of the plan.

Fiscal Note Summary

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

    None - Local Governmental plan.

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):

    None - Local governments plan.


    None - Local governments plan.

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