2012 Special Session I

Budget Amendments - HB1300 (Committee Approved)

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CA: 3% State Employee Bonus (language only)

Item 469 #2s

Item 469 #2s

Central Appropriations
Central Appropriations

Page 158, line 8, insert:
""V.1. All classified employees of the Executive Branch and other full-time employees of the Commonwealth, except elected officials, who were employed on April 1, 2012 and remain employed until at least November 24, 2012, shall receive a one-time bonus payment equal to three percent of base pay on December 1, 2012, contingent upon additional general fund resources equaling or exceeding $77,200,000 from the combination of actual general fund revenue collections for FY 2012 exceeding the official FY 2012 revenue estimate contained in the first enactment of the 2010-12 appropriations act, as amended by the 2012 session of the General Assembly, and by any discretionary unspent general fund appropriations recommended by the Governor for reversion at the end of FY 2012.  In the event that the total of all funds provided for in this paragraph are insufficient to fully fund the general fund cost of the three percent one-time bonus payment, such bonus payment shall be prorated to a percent of base pay for the general fund payroll that equates to the amount of total general fund resources provided.
2. For purposes of paying the general fund share of the December 1, 2012, one-time bonus, the State Comptroller shall reserve $77,200,000 on the balance sheet for the general fund attributable to FY 2012 general fund revenue collections in excess of the official revenue estimate and discretionary general fund balances recommended for reversion by the Governor.
3. The Director of the Department of Planning and Budget shall administratively increase nongeneral fund appropriations as required to implement the one-time bonus payment."

(This amendment provides for a one-time three percent bonus for all state employees on December 1, 2012.)