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Passage of this bill will result in an increase of.51 percent in the rates in the Contributory and Non-Contributory Public Employees Retirement Systems beginning in FY 1999. This rate adjustment will require an increase in FY 1999 fund of $7,736,800 from the sources listed below. A rate increase of .30

 

FY 99 Approp. FY 00 Approp. FY 99 Revenue FY 00 Revenue
General Fund $1,530,200 $1,530,200 $0 $0
Uniform School Fund $4,909,100 $4,909,100 $0 $0
Transportation Fund $225,300 $225,300 $0 $0
Federal Funds $481,700 $481,700 $0 $0
Dedicated Credits Revenue $281,000 $281,000 $0 $0
Mineral Lease $2,700 $2,700 $0 $0
Other $173,900 $173,900 $0 $0
Transportation Restricted $32,900 $32,900 $0 $0
GF Restricted $100,000 $100,000 $0 $0
TOTAL $7,736,800 $7,736,800 $0 $0

 

Office of the Legislative Fiscal Analyst

1/27/1998 7:58:24 AM

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