2006 Session

Budget Amendments - SB30 (Committee Approved)

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Virginia Sickness and Disability Program Benchmarking

Item 473 #2s

Item 473 #2s

First Year - FY2007 Second Year - FY2008
Independent Agencies
Virginia Retirement System FY2007 $75,000 FY2008 $0 NGF

Page 414, line 35, strike "$8,614,217" and insert "$8,689,217".
Page 415, following line 31, insert:
"The Virginia Retirement System shall conduct a post-implementation review of the Virginia Sickness and Disability Program.  The purpose of this review is to benchmark the program against current industry standards and best practices that could be implemented in the Commonwealth. Customer satisfaction surveys shall be conducted as part of the review. The Department of Human Resource Management and other agencies of the Commonwealth will provide assistance to the Virginia Retirement System upon request.
The Virginia Retirement System shall report its findings and recommendations to the Chairmen of House Appropriations and Senate Finance Committees by November 1, 2007."

(This amendment provides $75,000 NGF the first year for post-implementation review of the Virginia Sickness and Disability Program.)