Department of Accounts Transfer Payments (162)
| Request Title | Provide a payment to the Virginia Retirement System to reduce unfunded liabilities |
| Biennium | 2020-2022 |
| Budget Round | Amended Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Provides a one-time payment to the Virginia Retirement System to assist in the reduction of unfunded liabilities. This payment is to be targeted at the public school teachers retirement plan and the state employee health insurance credit program. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | $100,000,000 | $0 | |
| 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 2020 | FY 2021 |
| 704 | Personnel Management Services | $100,000,000 | $0 | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | $100,000,000 | $0 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 20:00:39
