2022 Session

Budget Amendments - HB29 (Member Request)

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Chief Patron: VanValkenburg
Administrative Funding Purusant to HB 593 - Provide Hazardous Duty Supplement for Death in Service

Item 494 #4h

Item 494 #4h

First Year - FY2021 Second Year - FY2022
Independent Agencies
Virginia Retirement System FY2021 $0 FY2022 $136,000 NGF

Page 276, line 13, strike "$46,770,856" and insert "$46,906,856".


(This amendment provides the VRS with administrative funding, $136,000 from the nongeneral fund in fiscal year 2022, to make systems modifications needed to implement the provisions of House Bill 593 which states that the retirement benefits on behalf of members who are in public safety retirement plans shall include the hazardous duty supplement if the member has died prior to retirement. The funding provided in the request is a placeholder until a detailed estimate is finalized.)