Department of Accounts Transfer Payments (162)
| Request Title | Move Lump Sum Payments to VRS for FY 2022 |
| Biennium | 2022-2024 |
| Budget Round | Initial Bill |
| Half Sheet Number | 269 #1c |
Description
|
This amendment redirects funding included in the introduced budget for lump sum payments for the VRS retirement system. A companion amendment in House Bill 29 provides a $750.0 million payment to the VRS in fiscal year 2022. Making the payment a year earlier than originally proposed will allow the funds to be invested a year earlier and realize an additional year of investment returns prior to the next valuation. |
Funding Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
| 704 | Personnel Management Services | ($923,998,000) | $0 | |
| By Fund | Fund Code | Fund Title | FY 2022 | FY 2023 |
| 01000 | General Fund | ($923,998,000) | $0 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 11-03-2025 19:00:50
