Menu
2024 Session

Budget Amendments - SB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Craig
Return to Work for Law Enforcement Officers and Teachers

Item 486 #1s

Item 486 #1s

First Year - FY2025 Second Year - FY2026
Independent Agencies
Virginia Retirement System FY2025 $425,000 FY2026 $425,000 NGF

Language
Page 531, line 32, strike "$62,568,586" and insert "$62,993,586".
Page 531, line 32, strike "$59,563,460" and insert "$59,988,460".


Explanation

(This amendment provides $425,000 each year from nongeneral funds for the administrative costs associated legislation that will reduce from six months to one month in the length of the required break in service after retirement for a teacher, bus drivers, specialized student support instructor, or law enforcement officer before such person may return to work full time and continue to receive a pension under the Virginia Retirement System.)