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Decision Package
Central Appropriations (995)
Request Title Modify funding for changes in other post-employment benefit programs for state employees and state supported locals
Biennium 2014-2016
Budget Round Initial Bill
Category Unanticipated and unavoidable cost adjustments
Region None
Description

Provides additional funding for changes in costs associated with the group life insurance program, the sickness and disability program, and the retiree health insurance credit based on the June 30, 2013, Virginia Retirement System valuation for 2015 and 2016. The individual amounts include increased costs of $3.5 million (2015) and $3.5 million (2016) for the group life insurance program, increased costs of $3.1 million (2015) and $3.1 million (2016) for the sickness and disability program, and increases of $4.3 million (2015) and $4.3 million (2016) for the retiree health insurance credit. Additional funding of $1.2 million (2015) and $1.2 million (2016) is also included for the retiree health insurance credit for state supported locals.

Funding Summary
Object Type FY 2014 FY 2015  
General Fund Dollars $11,738,310 $11,738,310  
Nongeneral Fund Dollars $0 $0  
General Fund Positions 0.00 0.00  
Nongeneral Positions 0.00 0.00  
General Fund Transfers $0 $0  
General Fund Revenue $0 $0  
Layoffs $0 $0  
Additions to Balance $0 $0  
Funding Details
By Program Program Code Program Title FY 2014 FY 2015
  757 Compensation And Benefit Adjustments $11,738,310 $11,738,310
By Fund Fund Code Fund Title FY 2014 FY 2015
  0100 General Fund $11,738,310 $11,738,310
Authorized Position Details
By Program Program Code Program Title FY 2014 FY 2015


p3_opview - Official Enacted Budget View Operating Bullet Details - 06-05-2025 18:55:21