Actuarial Fiscal Note
Date Requested:February 04, 2026
Time Requested:11:10 AM |
| Agency: |
Consolidated Public Retirement Board |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3648 |
Introduced |
SB719 |
|
|---|
| CBD Subject: |
Public Safety; Retirement |
|---|
|
Retirement Systems Impacted by Legislation:
MPFRS 2390
FUND(S):
Other Fund
Sources of Revenue:
Local Governments Creates New Expense
Legislation creates:
MPFRS
Actuarial Note Summary
Impact this measure will have on the liabilities and contributions associated with the retirement system(s).
The purpose of SB 719 is to modify the language in §8-22A-27a (b) of the West Virginia statute to state that any campus police officer who elected to become a member of MPFRS may only use annual leave or sick leave days accrued after their participation date in MPFRS. This modification was assumed when the actuarial note for SB 35 was prepared during the West Virginia 2025 Regular Legislative Session.
The bill also modifies the language in §18B-4-5 (g) and §18B-4-5 (h) of the West Virginia statute to allow campus police officers to participate in the Municipal Police Officers and Firefighters Retirement System (MPFRS). Should a current campus police officer choose to participate in MPFRS, no service credit or dollars accrued may be moved into MPFRS. Effective January 1, 2026, all newly hired campus police officers shall participate in MPFRS.
During the West Virginia 2025 Regular Legislative Session, SB 35 was passed into law but contained two versions of §18B-4-5 (g) and §18B-4-5 (h) in the West Virginia statute, one version allowing campus police officers to participate in the Deputy Sheriffs Retirement System (DSRS) and the other version allowing campus police officers to participate in the Municipal Police Officers and Firefighters Retirement System (MPFRS). The version allowing campus police officers to join MPFRS is correct and this Bill would remove the version referencing DSRS.
The updates to the West Virginia Statute from SB 719 are not expected to materially impact the unfunded actuarial accrued liability (UAAL) or the contribution requirements for MPFRS.
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 |
N/A |
|
N/A |
Explanation of above Actuarial estimates:
The updates to the West Virginia Statute from SB 719 are not expected to materially impact the unfunded actuarial accrued liability (UAAL) or the contribution requirements for MPFRS.
Analysis of Impact on Public Pension Policy:
The updates to the West Virginia Statute from SB 719 are not expected to materially impact the unfunded actuarial accrued liability (UAAL) or the contribution requirements for MPFRS.
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
MPFRS consists of local municipalities and does not cover any state employees. For fiscal 2026, funding for MPFRS is through member contributions of 8.50% of payroll and employer contributions of 8.50% of payroll. MPFRS does not impact the costs or revenues of state government.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
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 Fiscal Note estimates (include possible long-range effect):
MPFRS consists of local municipalities and does not cover any state employees. For fiscal 2026, funding for MPFRS is through member contributions of 8.50% of payroll and employer contributions of 8.50% of payroll. MPFRS does not impact the costs or revenues of state government.
Memorandum
This Actuarial/Fiscal Note is being submitted by the Consolidated Public Retirement Board. It has been reviewed by the CPRB Actuary. Both the Board and the CPRB Actuary are available upon request for questions.
For the appropriate actuarial disclosures, see the July 1, 2024, funding valuation report for MPFRS, published in April 2025.
In particular, future actuarial measurements may differ significantly from the current measurements shown in this actuarial/fiscal note due to plan experience differing from that anticipated by the economic and demographic assumptions, changes expected as part of the natural operation of the methodology used for these measurements, and changes in plan provisions, applicable law, and regulations.
Kenneth Woodson Jr., the CPRB Board Actuary, is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. He meets the Qualification Standards of the American Academy of Actuaries to render the actuarial opinions contained in this Actuarial/Fiscal Note.
Person submitting Fiscal Note: Kenneth M. Woodson Jr.
Email Address: kenneth.m.woodson@wv.gov