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