Central Appropriations (995)
| Request Title | Adjust VRS Rates and Funding to Reflect Expedited Repayment |
| Biennium | 2016-2018 |
| Budget Round | Initial Bill |
| Half Sheet Number | 475 #3c |
Description
|
This amendment adjusts funding included in the introduced budget pursuant to contribution payments to the VRS for the state employee retirement systems. An amendment in House Bill 29 provides for a lump sum payment to the VRS to repay in full the retirement contributions that were deferred during the 2010-12 biennium. Based on the lump sum payment the rates have been reduced to reflect that the deferred contributions have been repaid in full. |
Funding Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
| 757 | Compensation And Benefit Adjustments | ($21,530,922) | ($22,467,024) | |
| By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
| 01000 | General Fund | ($21,530,922) | ($22,467,024) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 01-24-2026 19:04:48
