2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Subramanyam
Modify VRS Return to Work Policy

Item 500 #3h

Item 500 #3h

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 legislation adopted during the 2023 session which reduces from 12 to six the number of months for the required break in service for a teacher 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.)