1999 Session

Budget Amendments - HB1450 (Member Request)

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Chief Patron: Day
VRS HB 1735

Item 567 #4h

Item 567 #4h

First Year - FY1999 Second Year - FY2000
Independent Agencies
Virginia Retirement System FY1999 $0 FY2000 $150,000 NGF

Page 446, line 6, strike "$13,725,351" and insert "$13,875,351".
Page 446, after line 25, insert:
"C.  The Virginia Retirement System shall design and implement a long-term care insurance program for state and local employees, Virginia Retirement System beneficiaries, and other families.  Once established, the program shall be self-funded through premiums paid by participants.  The Virginia Retirement System is hereby authorized to hire a consultant for a sum not to exceed $150,000 to assist in the design and implementation of this program."

(This amendment provides additional nongeneral fund appropriations to the Virginia Retirement System for computer system modifications and related activities for implementation of House Bill 1735, relating to the Volunteer Firefighter and Rescue Squad Retirement program.)