Virginia Retirement System (158)
| Request Title | Provide additional staff in the Defined Contributions Plan Unit |
| Biennium | 2016-2018 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Provides support for two full-time equivalent positions. This amendment addresses the additional work for the defined contribution plans resulting from the passage of Chapter 538 of the Acts of Assembly of 2015, allowing school divisions to establish and administer their own deferred compensation and cash match plans. |
Funding Summary
| Object Type | FY 2016 | FY 2017 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $99,756 | $99,756 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 2.00 | 2.00 | |
| 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 |
| 704 | Personnel Management Services | $99,756 | $99,756 | |
| By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
| 07180 | Vrs Administrative Expense | $99,756 | $99,756 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
| 704 | Personnel Management Services | 2.00 | 2.00 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-06-2025 13:34:46
