Central Appropriations (995)
| Request Title | Adjust funding for changes in other post-employment benefit programs for state employees |
| Biennium | 2016-2018 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Adjusts 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, 2015 Virginia Retirement System valuation for 2017 and 2018. The individual amounts include increased costs of $3.0 million (2017) and $3.1 million (2018) for the group life insurance program, decreased costs of approximately $201,000 (2017) and $210,000 (2018) for the sickness and disability program, and increased costs of $3.3 million (2017) and $3.4 million (2018) for the retiree health insurance credit. |
Funding Summary
| Object Type | FY 2016 | FY 2017 | |
| General Fund Dollars | $6,055,177 | $6,318,390 | |
| 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 2016 | FY 2017 |
| 757 | Compensation And Benefit Adjustments | $6,055,177 | $6,318,390 | |
| By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
| 01000 | General Fund | $6,055,177 | $6,318,390 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-03-2025 22:43:49
