FISCAL NOTE
Date Requested: January 21, 2015 Time Requested: 10:59 AM |
Agency: |
Consolidated Public Retirement Board |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2258 |
Introduced |
HB2383 |
|
CBD Subject: |
State Personnel |
---|
|
FUND(S):
N/A
Sources of Revenue:
Other Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The bill provides for a freeze on member contributions for the period July 1, 2015 thru June 30, 2018. This benefit does not impact the retirement benefits provided in CPRB administered plans.
This bill should be referred to PEIA for analysis.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2015 Increase/Decrease (use"-") |
2016 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):
Benefits do not impact CPRB administered plans.
Memorandum
This bill should be provided to PEIA for fiscal analysis.
Person submitting Fiscal Note: Harry W. Mandel, Board Actuary, MAAA, MSPA, EA
Email Address: harry.w.mandel@wv.gov