Direct Aid to Public Education (197)
| Request Title | Direct Aid - Adjust Group Life Insurance |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Half Sheet Number | 125 #14c |
Description
|
This amendment adjusts the group life insurance rate from 1.34% to the 1.18% actuarial rate approved by the VRS Board, resulting in general fund savings of $3.0 million the first year and $3.1 million the second year. |
Funding Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
| 178 | State Education Assistance Programs | ($2,988,602) | ($3,135,037) | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | ($2,988,602) | ($3,135,037) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 15:09:34
