2020 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Batten
HB 986 - Retired Law-Enforcement Officers Employed as School Security Officers.

Item 494 #1h

Item 494 #1h

First Year - FY2021 Second Year - FY2022
Independent Agencies
Virginia Retirement System FY2021 $344,218 FY2022 $0 NGF

Page 475, line 41, strike "$47,024,647" and insert "$47,368,865".


(This amendment provides $344,218 from the nongeneral fund in fiscal year 2021 to support VRS administrative cost which will be incurred pursuant to the passage of House Bill 986 which allows retired law enforcement officers to return to work as school security officers. The Fiscal Impact Statement also estimates that the legislation will result in increase costs through higher contribution rates of $650,000 from the general fund and $1.3 million from the general fund annually.)