2019 Session

Budget Amendments - SB1100 (Member Request)

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Chief Patron: Deeds
VaLORS/DCR - Implementation Cost

Item 486 #1s

Item 486 #1s

First Year - FY2019 Second Year - FY2020
Independent Agencies
Virginia Retirement System FY2019 $0 FY2020 $27,974 NGF

Page 510, line 34, strike "$17,625,718" and insert "$17,653,692".

Page 511, after line 42, insert:

"H. Included in the appropriation for this item is $27,974 the second year in nongeneral funds to implement the provisions of Senate Bill 1480 of the 2019 General Assembly, contingent upon its final passage."


(This amendment provides $27,974 the second year in nongeneral funds to cover the estimated costs for the Virginia Retirement System to implement the provisions of Senate Bill 1480, which moves conservation officers from the State retirement plan to the Virginia Law Officers' Retirement System (VaLORS). The patron has submitted a companion amendment to the Department of Conservation and Recreation's budget to cover the agency's increased share of contributions for applicable employees, based on the VaLORS plan rate. There would also be a cost associated with the overall VaLORS employer contribution rate, which would increase as a result of adding an additional employee group. The budget amendment is contingent upon final passage of Senate Bill 1480.)