2012 Special Session I

Budget Amendments - HB1300 (Conference Report)

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Implementation of SB 498 (language only)

Item 483 #1c

Item 483 #1c

Independent Agencies
Virginia Retirement System

Page 163, line 11, insert:
"D. The Virginia Retirement System shall make those changes to administrative policies, procedures, and systems as are necessary for implementation of the public employee retirement reforms provided for in Senate Bill 498 and House Bill 1130 of the 2012 General Assembly Session. Such nongeneral funds as are required to implement these changes are hereby appropriated."

(This amendment provides for implementation of pension reform legislation, adopted in the 2012 Session.)