2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Scott P
HB 1867 - VRS Provide Prior Service Credits for Veterans

Item 498 #1h

Item 498 #1h

First Year - FY2023 Second Year - FY2024
Independent Agencies
Virginia Retirement System FY2023 $78,000 FY2024 $0 NGF

Page 598, line 32, strike "$19,788,287" and insert "$19,866,287".


(This amendment provides $78,000 from the nongeneral fund in fiscal year 2023 to fund the VRS administrative cost pursuant to the passage of House Bill 1867 allows a teacher, in the VRS, who has prior active duty military experience to get credited up to 4 years service at no charge. In addition to the administrative cost this legislation will have a fiscal impact on the VRS teacher system resulting in a state general fund cost and a cost to the local school division. The exact cost cannot be quantified at this time as the VRS cannot identify how many teachers have active duty military service.)