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It is estimated that passage of this bill will require a rate increase of .37 percent in the Public Employees Noncontributory Retirement System. This will result in a funding increase of $5,344,200 from the sources as listed. It should be noted that this estimate is made without a full actuarial study, the

 

FY 99 Approp. FY 00 Approp. FY 99 Revenue FY 00 Revenue
General Fund $1,005,400 $1,005,400 $0 $0
Uniform School Fund $3,477,600 $3,477,600 $0 $0
Transportation Fund $152,200 $152,200 $0 $0
Federal Funds $323,700 $323,700 $0 $0
Dedicated Credits Revenue $181,000 $181,000 $0 $0
Mineral Lease $1,800 $1,800 $0 $0
Other $114,400 $114,400 $0 $0
Transportation Restricted $22,600 $22,600 $0 $0
GF Restricted $65,500 $65,500 $0 $0
TOTAL $5,344,200 $5,344,200 $0 $0

 

Office of the Legislative Fiscal Analyst

2/13/1998 1:17:36 PM

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