Department of Accounts Transfer Payments (162)
| Request Title | Appropriate Virginia Retirement System deposit contingent on fiscal year 2022 revenue collection |
| Biennium | 2022-2024 |
| Budget Round | Amended Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Provides funding for a one-time lump sum payment to the Virginia Retirement System to reduce unfunded liabilities. This funding was contingently appropriated from 2022 actual revenue collections pursuant to Item 485 L., Chapter 2, 2022 Acts of Assembly, Special Session I. |
Funding Summary
| Object Type | FY 2022 | FY 2023 | |
| General Fund Dollars | $250,000,000 | $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 2022 | FY 2023 |
| 704 | Personnel Management Services | $250,000,000 | $0 | |
| By Fund | Fund Code | Fund Title | FY 2022 | FY 2023 |
| 01000 | General Fund | $250,000,000 | $0 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-06-2025 10:21:25
