2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Coyner
HB 1630 - Modify VRS Return to Work Policy

Item 500 #1h

Item 500 #1h

First Year - FY2023 Second Year - FY2024
Independent Agencies
Virginia Retirement System FY2023 $0 FY2024 $50,000 NGF

Page 600, line 14, strike "$56,098,179" and insert "$56,148,179".


(This amendment provides $50,000 from the nongeneral fund in fiscal year 2024 to fund the administrative impact of House Bill 1630 which reduces from 12 to 1 the number of months for the required break in service for a teacher, bus driver or school administrator to return to work full time and continue to receive his pension under the Virginia Retirement System. The funding amount included in the request is a placeholder until a detailed estimate is finalized.)