2005 Session

Budget Amendments - HB1500 (Member Request)

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Chief Patron: Hall
State Employee Retiree Health Credit

Item 505 #5h

Item 505 #5h

First Year - FY2005 Second Year - FY2006
Central Appropriations
Central Appropriations FY2005 $0 FY2006 $10,000,000 GF

Page 460, line 9, strike "$135,080,353" and insert "$145,080,353".
Page 467, after line 20, insert:
"T.  Notwithstanding the provisions of § 51.1-1400, Code of Virginia, the amount of each monthly health insurance credit payable under this section shall be $6 per year of creditable service, which amount shall be credited monthly to any retired state employee participating in the state retiree health benefits program or an alternative personal health insurance plan as provided herein."

(This amendment increases the retired state employee health insurance credit from $4 per year of creditable service to $6 per year of creditable service.)