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Decision Package
Central Appropriations (995)
Request Title Adjust funding for changes in other post-employment benefit programs
Biennium 2018-2020
Budget Round Initial Bill
Category Other spending or initiatives
Region None
Description

Captures the net general fund savings of changes in costs associated with other post-employment benefit programs for state employees and state supported local employees. Funding is provided for the full contribution rates certified by the Virginia Retirement System Board for the state employee sickness and disability, group life insurance, and retiree health insurance credit programs and the state supported employee retire health insurance credit program based on the June 30, 2017, Virginia Retirement System valuation for 2019 and 2020. Amounts include decreased costs of approximately $676,148 the first year and $705,521 the second year for the state employee programs and increased costs of $317,863 each year for state supported local employee programs.

Funding Summary
Object Type FY 2018 FY 2019  
General Fund Dollars ($358,285) ($387,658)  
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 2018 FY 2019
  757 Compensation And Benefit Adjustments ($358,285) ($387,658)
By Fund Fund Code Fund Title FY 2018 FY 2019
  01000 General Fund ($358,285) ($387,658)
Authorized Position Details
By Program Program Code Program Title FY 2018 FY 2019


p3_opview - Official Enacted Budget View Operating Bullet Details - 06-05-2025 18:34:44