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2012 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Norment
VCSP - Allow Comprehensive Compensation Plan

Item 481 #2s

Item 481 #2s

 First Year - FY2013 Second Year - FY2014
Independent Agencies
Virginia College Savings Plan FY2013 $270,000 FY2014 $650,000 NGF

Language
Page 366, line 36, strike "$8,032,019" and insert "$8,302,019".
Page 366, line 36, strike "$8,046,777" and insert "$8,696,777".
Page 366, after line 39 insert:
"Out of the amounts appropriated for this Item, $270,000 the first year and $650,000 the second year from nongeneral funds are designated for a comprehensive compensation plan to link pay to performance."

Explanation
(This amendment allows for the Virginia College Savings Plan to implement a comprehensive compensation plan to link pay to performance.)

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