Date Requested: January 28, 2015
Time Requested: 03:55 PM
Agency: Consolidated Public Retirement Board
CBD Number: Version: Bill Number: Resolution Number:
2601 Introduced HB2507
CBD Subject: Retirement


Local Governments

Sources of Revenue:

Other Fund Local Governments

Legislation creates:

Neither Program nor Fund

Fiscal Note Summary

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

    The bill is administrative in nature and provides provisions for entering the MPFRS from previous employment with a different local plan. There is no impact on either the Normal Cost nor Actuarial Accrued Liabilities.
    It is noted the MPFRS will not recognize any pror service with any local governmental plan. Any recognition of prior service will incure actuarial costs.

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):

    MPFRS is a local governmental plan and is not sponsored by the State of West Virginia.


    Administrative clarification for a new member who had previous employment with a different local governmental police or fire plan.

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