2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Filler-Corn
HB 1789 - RHC for Retired Constitutional Officers and their Employees

Item 498 #2h

Item 498 #2h

First Year - FY2023 Second Year - FY2024
Independent Agencies
Virginia Retirement System FY2023 $140,000 FY2024 $0 NGF

Page 598, line 32, strike "$19,788,287" and insert "$19,928,287".


(This amendment provides $140,000 from the nongeneral fund in fiscal year 2023 to fund the administrative impact of House Bill 1789 which raises the amount of monthly health insurance credits received by retired constitutional officers and their employees with a minimum of 15 years of creditable service from $1.50 to $4.00 per month per year of creditable service. A companion amendment in Item 483 includes $5.4 million from the general fund to fund the state share of the benefit change.)