Central Appropriations (995)
| Request Title | Adjust funding for state employee retirement costs |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Category | Unanticipated and unavoidable cost adjustments |
| Region | None |
Description
|
Provides general fund support for the changes in employer contribution rates for state employee retirement. Funding is provided for the full contribution rates certified by the Virginia Retirement System Board based on the June 30, 2019, Virginia Retirement System valuation for 2021 and 2022. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | $15,749,697 | $16,434,460 | |
| 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 |
| 757 | Compensation And Benefit Adjustments | $15,749,697 | $16,434,460 | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | $15,749,697 | $16,434,460 |
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 11:10:06
