FISCAL NOTE
Date Requested: February 21, 2017
Time Requested: 01:39 PM |
| Agency: |
Consolidated Public Retirement Board |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2632 |
Introduced |
HB2586 |
|
|---|
| CBD Subject: |
Retirement |
|---|
|
FUND(S):
PERS, TRS, TDC, SPTA, SPTB, JRS, DSRS, EMSRS, MPFRS
Sources of Revenue:
Other Fund N/A
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Provisions of the bill are administrative, bringing statute as it relates to Required Minimum Distributions into accordance with Section 401(a)(9) of the Internal Revenue Code.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2017
Increase/Decrease
(use"-") |
2018
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):
Provisions of the bill are administrative in nature and produce no additional costs to any of the plans administered by the CPRB.
Memorandum
Person submitting Fiscal Note: Melody Bailey, Actuarial Analyst, WV CPRB
Email Address: melody.j.bailey@wv.gov