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Passage of this bill will result in an employer contribution rate increase of 5.42 percent in the Public Safety Contributory System and 5.43 percent in the Public Safety Noncontributory System. These rate adjustments will require an increase in funding of $3,415,700 from the sources listed below. Rate increases from 3.41 percent to 7.70 percent will be required by local governments.

FY 98 Approp. FY 99 Approp. FY 98 Revenue FY 99 Revenue
General Fund $3,001,000 $3,001,000 $0 $0
Dedicated Credits Revenue $187,900 $187,900 $0 $0
Restricted Funds $226,800 $226,800 $0 $0
TOTAL $3,415,700 $3,415,700 $0 $0

Office of the Legislative Fiscal Analyst

2/12/97 9:00:08 AM

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