Fiscal Note - SB 0152 - Allows Retired Nonteachers To Be Employed Part-time
L.R. NO. 0576-01
BILL NO. Truly Agreed to and Finally Passed SB 152
SUBJECT: Retirement: Schools
TYPE: Original
DATE: April 22, 1997
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None $0 $0 $0
Total Estimated
Net Effect on All
State Funds $0 $0 $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None $0 $0 $0
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Local Government $0 $0 $0
FISCAL ANALYSIS
ASSUMPTION
The Joint Committee on Public Employee Retirement (JCPER) has reviewed this
proposal and has determined that it does not represent a "substantial
proposed change" in future plan benefits, and accordingly, an actuarial study
is not needed under the provisions of section 105.660, subdivision (5).
Officials of the Office of Administration indicate that potential impact of
this proposal would need to be determined by the Public School Retirement
System.
Officials of the Public School Retirement System indicate that the proposal
does not represent a "substantial proposed change" in future plan benefits,
and consequently would not have actuarial cost impact on the system.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
(10 Mo.)
0 0 0
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
(10 Mo.)
0 0 0
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of
this proposal.
DESCRIPTION
The proposal would allow nonteacher members of the Public School Retirement
System to be employed by a school district on a part-time basis.
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
Office of Administration
Public School Retirement System
This Fiscal Note is not an official copy and should not be quoted or cited.