COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



L.R. No.: 4136-01

Bill No.: SB 1001

Subject: Law Enforcement Officers; Retirement Systems and Benefits - Local Government

Type: Original

Date: February 5, 2002




FISCAL SUMMARY



ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 2003 FY 2004 FY 2005
Total Estimated

Net Effect on All

State Funds

$0 $0 $0



ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 2003 FY 2004 FY 2005
Total Estimated

Net Effect on All

Federal Funds

$0 $0 $0



ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 2003 FY 2004 FY 2005
Local Government Unknown Unknown Unknown

Numbers within parentheses: ( ) indicate costs or losses.

This fiscal note contains 3 pages.







FISCAL ANALYSIS



ASSUMPTION



The Joint Committee on Public Employee Retirement indicates that this legislation does not represent a "substantial proposed change" in future plan benefits as defined in Section 105.660(5), and, as such, an actuarial cost statement is not required.



Officials with the County Employees Retirement Fund (CERF) assume the proposal has no fiscal impact on their agency.



Officials with the Sheriffs Retirement System (SRS) assume the proposal would create the following revenue based on FY 2001 data but the yearly revenue amounts are unknown:



Jackson County City of St. Louis Total



Civil Division $135,999 $100,569 $236,568

Criminal Division $ 36,939 $ 16,674 $ 53,613



TOTAL $172,938 $117,243 $290,181





FISCAL IMPACT - State Government FY 2003

(10 Mo.)

FY 2004 FY 2005
$0 $0 $0



FISCAL IMPACT - Local Government FY 2003

(10 Mo.)

FY 2004 FY 2005
Revenue - St. Louis City and Jackson County



Unknown


Unknown


Unknown


FISCAL IMPACT - Small Business



No direct fiscal impact to small businesses would be expected as a result of this proposal.



DESCRIPTION



This act requires any county or the City of St. Louis who elects to belong to the Sheriff's retirement system to also participate in the funding mechanism. The system is currently funded by a $3 fee for each civil case filed within the county.

DESCRIPTION (Continued)



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

County Employees Retirement System

Sheriffs Retirement System









Mickey Wilson, CPA

Acting Director

February 5, 2002