2023 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Vogel
Judicial Retirement System Benefits

Item 483 #3s

Item 483 #3s

First Year - FY2023 Second Year - FY2024
Central Appropriations
Central Appropriations FY2023 $1,328,000 FY2024 $1,328,000 GF
FY2023 $68,000 FY2024 $0 NGF

Page 564, line 21, strike "$331,924,155" and insert "$333,320,155".
Page 564, line 21, strike "$823,699,360" and insert "$825,027,360".


(This amendment provides $1.3 million GF and $68,000 NGF the first year and $1.3 million GF the second year to cover potential fiscal impact associated with increasing the retirement multiplier under the Judicial Retirement System from 1.0 percent to 1.7 percent for judges, assistant attorneys for the Commonwealth and public defenders participating in the hybrid retirement program, consistent with the provisions of Senate Bill 1369 of the 2023 General Assembly Session.)