FISCAL NOTE
Date Requested: January 12, 2024
Time Requested: 12:56 PM |
| Agency: |
County Commissioners' Association of West Virginia |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1142 |
Introduced |
HB4611 |
|
|---|
| CBD Subject: |
Retirement |
|---|
|
FUND(S):
County Government
Sources of Revenue:
General Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
As written, this legislation has no fiscal impact to county government. However, if passed and after implementation, the CPRB Actuary determines that an increase in employer contributions is necessary because of passage of this legislation, there will be a fiscal impact to county budgets.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2024
Increase/Decrease
(use"-") |
2025
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):
As written, this legislation has no fiscal impact to county government. However, if passed and after implementation, the CPRB Actuary determines that an increase in employer contributions is necessary because of passage of this legislation, there will be a fiscal impact to county budgets.
Memorandum
As written, this legislation has no fiscal impact to county government. However, if passed and after implementation, the CPRB Actuary determines that an increase in employer contributions is necessary because of passage of this legislation, there will be a fiscal impact to county budgets.
Person submitting Fiscal Note: Nancy Butcher
Email Address: nancy@ccawv.org