Virginia Retirement System (158)
| Request Title | Review cash balance retirement plans in other states |
| Biennium | 2014-2016 |
| Budget Round | Amended Bill |
| Half Sheet Number | 484#3c |
Description
|
This amendment provides $50,000 from the nongeneral fund in administrative funding for the VRS to implement the provisions of House Bill 1969 of the 2015 General Assembly session which requires the VRS to review cash balance retirement plans in place in other states and compare it to the current hybrid plan. The $50,000 is needed to fund actuarial costs that will be incurred in the review. |
Funding Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 799 | Administrative And Support Services | $0 | $50,000 | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0718 | Vrs Administrative Expense Fund | $0 | $50,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 03:13:31
