2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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SB 188 VRS Deferred Comp Roth

Item 484 #1s

Item 484 #1s

First Year - FY2015 Second Year - FY2016
Independent Agencies
Virginia Retirement System FY2015 $237,000 FY2016 $0 NGF

Page 417, line 4, strike "$28,883,424" and insert "$29,120,424".

(This amendment provides $237,000 the first year for the estimated one-time cost of implementing Senate Bill 188, which authorizes the inclusion of a Roth contribution program in deferred compensation retirement plans for state and local government employees, beginning July 1, 2015. This amendment is contingent upon final passage of Senate Bill 188 by the 2014 General Assembly.)