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GA Adjustment
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 - 06-03-2025 23:05:58