Virginia Retirement System [158]
Secretarial Area: Independent Agencies
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years.
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Biennium Fiscal Year Source GF NGF Total
2010-2012 2011 Chapter 2, 2012 Acts of Assembly $0 $59,943,622 $59,943,622
2010-2012 2012 Chapter 2, 2012 Acts of Assembly $0 $53,845,797 $53,845,797
2012-2014 2013 Chapter 1, 2014 Acts of Assembly $0 $59,630,594 $59,630,594
2012-2014 2014 Chapter 1, 2014 Acts of Assembly $0 $68,971,559 $68,971,559
2014-2016 2015 Chapter 732, 2016 Acts of Assembly $0 $70,641,983 $70,641,983
2014-2016 2016 Chapter 732, 2016 Acts of Assembly $124,705 $75,802,483 $75,927,188
2016-2018 2017 Chapter 836, 2017 Acts of Assembly $32,585 $85,467,959 $85,500,544
2016-2018 2017 Previous Legislative Appropriation $32,585 $82,726,100 $82,758,685
2016-2018 2017 Governor's Amendments $0 $2,741,859 $2,741,859
2016-2018 2017 General Assembly Adjustments $0 $0 $0
2016-2018 2018 Chapter 836, 2017 Acts of Assembly $50,000 $82,829,694 $82,879,694
2016-2018 2018 Previous Legislative Appropriation $50,000 $78,353,250 $78,403,250
2016-2018 2018 Governor's Amendments $0 $4,476,444 $4,476,444
2016-2018 2018 General Assembly Adjustments $0 $0 $0
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2010-2012 2011 Chapter 2, 2012 Acts of Assembly 0.00 301.00 301.00
2010-2012 2012 Chapter 2, 2012 Acts of Assembly 0.00 301.00 301.00
2012-2014 2013 Chapter 1, 2014 Acts of Assembly 0.00 314.00 314.00
2012-2014 2014 Chapter 1, 2014 Acts of Assembly 0.00 325.00 325.00
2014-2016 2015 Chapter 732, 2016 Acts of Assembly 0.00 335.00 335.00
2014-2016 2016 Chapter 732, 2016 Acts of Assembly 0.00 335.00 335.00
2016-2018 2017 Chapter 836, 2017 Acts of Assembly 0.00 337.00 337.00
2016-2018 2017 Previous Legislative Appropriation 0.00 337.00 337.00
2016-2018 2017 Governor's Amendments 0.00 0.00 0.00
2016-2018 2017 General Assembly Adjustments 0.00 0.00 0.00
2016-2018 2018 Chapter 836, 2017 Acts of Assembly 0.00 337.00 337.00
2016-2018 2018 Previous Legislative Appropriation 0.00 337.00 337.00
2016-2018 2018 Governor's Amendments 0.00 0.00 0.00
2016-2018 2018 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Extend schedule for Modernization Project completion Decision Package
  Provides appropriation to extend the Modernization Project schedule by six months and augment contract staffing levels for the remainder of the project.
 
  FY FY
Nongeneral Fund $1,136,865 $3,863,135
•
Adjust appropriation for the Modernization Project Decision Package
  Provides appropriation for delayed incursion of Modernization Project costs across fiscal years.
 
  FY FY
Nongeneral Fund $1,328,237 $0
•
Reflect transfer of the Line of Duty Act administration Decision Package
  Funds implementation and ongoing costs of administrative responsibilities for the Line of Duty Act in accordance with Chapter 677 of the Acts of Assembly of 2016.
 
  FY FY
Nongeneral Fund $63,556 $400,108
•
Provide nongeneral fund appropriation for changes in fringe benefit rates Decision Package
  Provides funding for changes in fringe benefit rates authorized in Chapter 780, 2016 Acts of Assembly.
 
  FY FY
Nongeneral Fund $213,201 $213,201
•
Transfer appropriation for departmental restructure Decision Package
  Transfers appropriation between programs to reflect a recent change in organizational structure.


p3_bullets - Official Enacted Budget - 06-08-2025 00:22:49