2014 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Ingram
HB 1105 - Minimum Life Insurance Benefit for State Employee Retirees

Item 467 #3h

Item 467 #3h

First Year - FY2015 Second Year - FY2016
Central Appropriations
Central Appropriations FY2015 $957,000 FY2016 $957,000 GF

Page 397, line 4, strike "$120,942,739" and insert "$121,899,739".
Page 397, line 4, strike "$157,709,181" and insert "$158,666,181".
Page 400, after line 31, insert:
"7.  Out of the general fund appropriation for this item are included $957,000 the first year and $957,000 the second year to fund the impact on the Virginia Retirement Systems rates from the enactment of House Bill 1105 of the 2014 General Assembly Session."

(This amendment provides $957,000 from the general fund each year to reflect the impact of the passage of House Bill 1104 of the 2014 General Assembly session. House Bill 1104 sets a minium life insurance benefit for retirees who have more than 15 years of state service.)