FISCAL NOTE
Date Requested: February 21, 2018
Time Requested: 08:31 AM |
| Agency: |
Municipal Pensions Oversight Board |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2724 |
Org/Introduced |
SB566 |
|
|---|
| CBD Subject: |
Municipalities |
|---|
|
FUND(S):
Other Fund
Sources of Revenue:
Local Govt Pension Funds Increases Existing Expenses
Legislation creates:
Municipal Policemen's and Firemen's Pension and Relief Funds
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The costs and revenues of state government will not be affected by the passage of this bill.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2018
Increase/Decrease
(use"-") |
2019
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):
The costs and revenues of state government will not be affected be the passage of this bill.
Memorandum
The municipal policemen's pension and relief funds and the firemen's pension and relief funds are municipal government plans and only cover men and women employed by their respective police departments and fire departments.
This bill does not affect those police officers and firefighters covered under the Municipal Police Officers and Firefighters Retirement System operated by the WV Consolidated Public Retirement Board.
Person submitting Fiscal Note: Blair M. Taylor
Email Address: blair.m.taylor@wv.gov