Virginia Retirement System (158)
| Request Title | Support the cost of implementing a new hybrid retirement program |
| Biennium | 2014-2016 |
| Budget Round | Initial Bill |
| Category | Mandates |
| Region | None |
Description
|
Provides additional nongeneral fund appropriation and 11 full-time positions to support ongoing costs of implementing pension reforms adopted by the 2012 General Assembly. |
Funding Summary
| Object Type | FY 2014 | FY 2015 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $1,420,956 | $1,420,956 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 11.00 | 11.00 | |
| 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 |
| 704 | Personnel Management Services | $1,420,956 | $1,420,956 | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0718 | Vrs Administrative Expense Fund | $1,420,956 | $1,420,956 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 704 | Personnel Management Services | 11.00 | 11.00 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 10-31-2025 00:21:52
