In response to your request for an Actuarial Impact Statement on HB1840 (relating to a fee established and set by the State Securities Board) the Pension Review Board, has determined the following.

HB1840 adjusts the fees paid by investment professionals from current law and allows the State Securities Board to set sufficient fees to cover the cost of administering and enforcing the act. The bill, if enacted, will have no actuarial effect because it does not propose to change the funding or obligations of any public retirement system.