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Passage of this bill will result in a rate increase of .17 percent in the Public Employees Non Contributory Retirement System. This rate adjustment will require an increase in funding of $2,261,300 from the sources listed below. A rate increase of .19 percent will also be required by local governments.

FY 98 Approp. FY 99 Approp. FY 98 Revenue FY 99 Revenue
General Fund $412,100 $412,100 $0 $0
Uniform School Fund $1,482,500 $1,482,500 $0 $0
Transportation Fund $65,100 $65,100 $0 $0
Federal Funds $119,300 $119,300 $0 $0
Dedicated Credits Revenue $81,700 $81,700 $0 $0
Mineral Lease $1,000 $1,000 $0 $0
Restricted Funds $36,400 $36,400 $0 $0
Other $63,200 $63,200 $0 $0
TOTAL $2,261,300 $2,261,300 $0 $0

Office of the Legislative Fiscal Analyst

2/12/97 8:46:32 AM

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