SB 0900 - Fiscal Note

Fiscal Note - SB 0900 - $90 Contribution For Retired Uniformed Patrol

L.R. NO.  3406-02
BILL NO.  HCS for SB 900
SUBJECT:  Retirement Systems
TYPE:     Original
DATE:     April 10, 1996



                              FISCAL SUMMARY

                    ESTIMATED NET EFFECT ON STATE FUNDS

FUND AFFECTED               FY 1997         FY 1998         FY 1999

None                             $0              $0              $0

Total Estimated
Net Effect on All
State Funds                      $0              $0              $0


                   ESTIMATED NET EFFECT ON FEDERAL FUNDS

FUND AFFECTED               FY 1997         FY 1998         FY 1999

None                             $0              $0              $0

Total Estimated
Net Effect on All
Federal Funds                    $0              $0              $0


                    ESTIMATED NET EFFECT ON LOCAL FUNDS

FUND AFFECTED               FY 1997         FY 1998         FY 1999

Local Government                 $0              $0              $0


                              FISCAL ANALYSIS

ASSUMPTION

The following assumptions are based on agency responses for legislation
identical to this proposal.

The Joint Committee on Public Employee Retirement (JCPER) has reviewed this
proposal and has determined an actuarial study is not needed under the
provisions of section 105.660, subdivision (5).

Officials of the Missouri State Employees' Retirement System (MOSERS) assume
that this legislation would have no fiscal impact on the system.

Officials of the Highway and Transportation Employees' and Highway Patrol
Retirement System assume that this legislation would have no fiscal impact on
the system.

Officials of the Office of Administration indicate the proposal would have no
fiscal impact on their agency.


FISCAL IMPACT - State Government     FY 1997   FY 1998   FY 1999
                                    (10 Mo.)

                                           0         0         0


FISCAL IMPACT - Local Government     FY 1997   FY 1998   FY 1999
                                    (10 Mo.)

                                           0         0         0


DESCRIPTION

This legislation would make technical changes regarding the additional $90
contribution for retired uniformed patrol officers in the Highway and
Transportation Employees' and Highway Patrol Retirement System.  It would
also make certain administrative changes relating to personnel in the
Missouri State Employees' Retirement System.

This legislation is not federally mandated, would not duplicate any other
program and would not require additional capital improvements or rental
space.


SOURCES OF INFORMATION

Joint Committee on Public Employee Retirement
Missouri State Employees' Retirement System
Highway and Transportation Employees' and Highway Patrol Retirement System
Office of Administration