2001 Session

Budget Amendments - HB1600 (Member Request)

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Chief Patron: Morgan
Retiree Health Insurance Credits

Item 566 #4h

Item 566 #4h

First Year - FY2001 Second Year - FY2002
Independent Agencies
Virginia Retirement System FY2001 $0 FY2002 $4,172,800 GF

Page 499, line 2, strike "$16,104,624" and insert "$20,277,424".
Page 500, after line 16, insert:
"I.  The Virginia Retirement System shall index the retiree health insurance credit benefit provided to eligible Virginia Retirement System state employee retirees by the rate of change in premiums for the State Advantage 65 health insurance program."

(This amendment indexes the health care credit provided to eligible retirees to the rate of increase in the cost of the State Advantage 65 health insurance program.)