1997 Session

Budget Amendments - SB700 (Committee Approved)

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Lag Pay

Item 528 #9s

Item 528 #9s

First Year - FY1997 Second Year - FY1998
Central Appropriations
Central Appropriations FY1997 $21,800,000 FY1998 $0 GF

Page 347, line 3, strike "($28,804,044)" and insert "($7,004,044)".
Page 347, strike lines 25 and 26.
Page 349, line 10, strike "29" and insert "25".
Page 353, strike lines 10 through 51, and insert:
"M.1.  State employees will receive a pay check on June 16, 1997, for the work period June 1 to June 9, 1997, plus a transition payment for June 10 to June 15, 1997, which in total is equal to a normal semi-monthly payment.  State employees will receive a pay check on July 1, 1997, for the work period June 10 to June 24, 1997, and on July 16, 1997, for the work period June 25 to July 9, 1997.
2.  The general fund appropriation for the pay period June 10 to June 24, 1997, and June 10 to June 24, 1998, shall be utilized to offset the cost of the salary increases authorized in paragraphs C., D., and E. of this Item.
3.  Following the transition in paragraph M.1. of this item, normal pay dates shall remain the first and sixteenth of each month.  Payroll checks paid on the first of any month will be for the work period of the 10th to the 24th of the preceding month and payroll checks paid on the sixteenth of any month will be for the work period of the 25th of the preceding month to the 9th of the current month.
4.  On June 16, 1997, state employees shall accrue for the period June 1 through June 15, 1997, leave in an amount equal to what is normally accrued for a full pay period.  Leave accruals for each subsequent pay period shall be an amount equal to a normal pay period accrual.
5.  The Comptroller may make such adjustments as he deems necessary, in keeping with the purpose of this paragraph, in the pay dates of employees paid on alternative pay schedules other than the Commonwealth's normal schedule prior to the implementation of paragraph M.1.
N.1.  Out of this appropriation, $21,800,000 shall be paid by the State Comptroller on or before June 30, 1997, into a Payroll Reserve Fund.  The Fund shall represent the value of the payroll costs for the work period of June 25 to June 30, 1997.
2.  For the purposes of the Comptroller's preliminary and final annual reports as required by §2.1-207, all balances remaining in the Fund on June 30 of each fiscal year shall be considered to be a portion of the fund balance of the general fund of the state treasury.
3.  No amounts shall be withdrawn from the Fund except in pursuance of appropriations made by the General Assembly."

(This amendment implements the General Assembly's plan for introducing lag-pay with no impact on employees. As part of this plan the amendment establishes a Payroll Reserve Fund of $21.8 million.)