COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 1261-01
Bill No.: SB 343
Subject: County Officials; Retirement-Local Government; Counties
Type: Original
Date: February 19, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
The Joint Committee on Public Employee Retirement indicates that the proposed legislation is not a "substantial proposed change" in future plan benefits, as defined by Section 105.660(5). As such, no actuarial cost statement is required.
Officials with the Prosecuting Attorneys' Retirement System assume the proposal will have no impact on the system or on local governments, as the provision applies only to counties which elect to designate the position of prosecuting attorney as full-time. If counties elected to do so, they would be required to make a larger contribution to the retirement fund.
| FISCAL IMPACT - State Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This act requires counties which, after August 28, 2001, elect to have a full-time prosecuting attorney, to pay the same amount into the Missouri Prosecuting Attorneys and Circuit Attorneys' Retirement System Fund as counties of the first classification.
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
Prosecuting Attorneys' Retirement System
Jeanne Jarrett, CPA
Director
February 19, 2001