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2016 Session

Budget Amendments - HB30 (Conference Report)

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VRS Support for the Commission on Employee Retirement Security and Pension Reform

Item 491 #1c

Item 491 #1c

First Year - FY2017 Second Year - FY2018
Independent Agencies
Virginia Retirement System FY2017 $300,000 FY2018 $300,000 NGF

Language
Page 416, line 2, strike "$38,432,875" and insert "$38,732,875".
Page 416, line 2, strike "$33,989,177" and insert "$34,289,177".

Page 416, line 7, before "Out" insert "A."

Page 416, after line 9, insert:

"B.  Out of the amounts appropriated to this item, an amount not to exceed $300,000 the first year and $300,000 the second year is designated to provide retirement-related services in support of the Commission on Employee Retirement Security and Pension Reform created pursuant to the passage of House Bill 665 of the 2016 General Assembly Session."



Explanation

(This amendment provides a nongeneral fund appropriation for the VRS to fund actuarial expenses that will be incurred in providing support for the Commission on Employee Retirement Security and Pension Reform, pursuant to House Bill 665 of the 2016 General Assembly Session.)