Central Appropriations (995)
| Request Title | VRS contribution rates for VaLORS and SPORS |
| Biennium | 2014-2016 |
| Budget Round | Initial Bill |
| Half Sheet Number | 467 #2s |
Description
|
This amendment lowers the 2014-2016 biennial retirement rates for the State Police Officer Retirement System (SPORS) and Virginia Law Officer Retirement System (VaLORS) as a result of a $15 million deposit in each system from the Abbott Labs settlement. The deposits have been applied against the ten-year payback of the 2010-2012 deferred contributions, thus lowering the rate. |
Funding Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 757 | Compensation And Benefit Adjustments | ($3,426,455) | ($3,426,455) | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0100 | General Fund | ($3,426,455) | ($3,426,455) |
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 17:29:48
