2002 Session

Budget Amendments - HB29 (Committee Approved)

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VRS NGF Group Life Savings (language only)

Item 3-1.01 #14h

Item 3-1.01 #14h

3: Miscellaneous & Part 4: General Provisions)

Page 527, after line 22, insert:
"GG.  Prior to June 30, 2002, the State Comptroller shall transfer from agency nongeneral fund accounts an amount estimated at $798,596 reflecting the NGF savings due to the suspension of the retiree portion of the state employee group life employer contribution rate for the remainder of fiscal year 2002."

(This amendment captures the NGF savings from the suspension of the employer premium for state employee group life program.)