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