498#1s (VRS) Virginia Retirement System Implementation Costs. SB29 - Committee Approved

State Budget

2024 Session

Budget Amendments - SB29 (Committee Approved)

Bill Order » Item 498 #1s

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Virginia Retirement System Implementation Costs

Item 498 #1s

Item 498 #1s	First Year - FY2023	Second Year - FY2024
Independent Agencies
Virginia Retirement System	FY2023 $0	FY2024 $183,000	NGF

Language
Page 206, line 11, strike "$19,645,202" and insert "$19,828,202".

Explanation

(This amendment provides $183,000 the second year from nongeneral funds for the Virginia Retirement System's implementation costs of bills that passed the Senate. It is the intent to set out this Item upon the enrolling of the bill.)

Item 498

Item 498 (Not set out)	First Year - FY2023	Second Year - FY2024
Personnel Management Services (70400)	$19,788,287	$19,645,202
Administration of Retirement and Insurance Programs (70415)	FY2023 $19,788,287	FY2024 $19,645,202
Fund Sources:
General	FY2023 $80,000	FY2024 $80,000
Trust and Agency	FY2023 $19,708,287	FY2024 $19,565,202