Central Appropriations (995)
| Request Title | Adjust funding for state employee retirement costs |
| Biennium | 2022-2024 |
| 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 of Trustees for the Judicial Retirement System, State Police Officers' Retirement System, and Virginia Law Officers' Retirement System based on the June 30, 2021, Virginia Retirement System valuation for 2023 and 2024. The Virginia Retirement System contribution rate for all other state employees is maintained at its existing level, which is a higher contribution rate than what was certified by the Board of Trustees. |
Funding Summary
| Object Type | FY 2022 | FY 2023 | |
| General Fund Dollars | $13,231,876 | $13,807,183 | |
| 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 |
| 757 | Compensation And Benefit Adjustments | $13,231,876 | $13,807,183 | |
| By Fund | Fund Code | Fund Title | FY 2022 | FY 2023 |
| 01000 | General Fund | $13,231,876 | $13,807,183 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 07-18-2025 17:12:54
