This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0937 - Employment of retired teachers
SB 937 - Fiscal Note

COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION

FISCAL NOTE

L.R. NO. 3962-01

BILL NO. SB 937

SUBJECT: Retirement: Schools

TYPE: Original

DATE: March 3, 1998

FISCAL SUMMARY

ESTIMATED NET EFFECT ON STATE FUNDS

FUND AFFECTED FY 1999 FY 2000 FY 2001
None $0 $0 $0
Total Estimated

Net Effect on All

State Funds

 $0 $0 $0



ESTIMATED NET EFFECT ON FEDERAL FUNDS

FUND AFFECTED FY 1999 FY 2000 FY 2001
None $0 $0 $0
Total Estimated

Net Effect on All

Federal Funds

 $0 $0 $0



ESTIMATED NET EFFECT ON LOCAL FUNDS

FUND AFFECTED FY 1999 FY 2000 FY 2001
Local Government $0 $0 $0

Numbers within parentheses: ( ) indicate costs or losses

This fiscal note contains 3 pages.

FISCAL ANALYSIS

ASSUMPTION

Officials of the Joint Committee on Public Employee Retirement and the Public School Retirement System have reviewed this proposal and have determined it does not represent a "substantial proposed change" in future plan benefits as defined in section 105.660(5), RSMo. Therefore, an actuarial cost statement is not required.

Officials of the Office of Administration assume any fiscal impact would be determined by the Public School Retirement System.

FISCAL IMPACT - State Government FY 1999 FY 2000 FY 2001
(10 Mo.)
0 0 0
FISCAL IMPACT - Local Government FY 1999 FY 2000 FY 2001
(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 retired teacher members of the Public School Retirement System to be employed as a nonteacher school employee on a full-time basis without a discontinuance of the person's retirement allowance.

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

Public School Retirement System

Office of Administration







Jeanne Jarrett, CPA

Director

March 3, 1998