Open work item in PB work tray
GA Adjustment
Virginia Retirement System (158)
Request Title Administrative cost for HB 1312 & HB 1401 VaLORS membership expansion
Biennium 2024-2026
Budget Round Initial Bill
Half Sheet Number 484 #1c
Description

This amendment provides the Virginia Retirement System $70,000 from nongeneral funds pursuant to the passage of House Bill 1312 and House Bill 1401 which adds Department of Conservation and Recreation conservation officers and Department of Military Affairs firefighters into the VaLORS retirement system. The funding supports the administrative changes needed to effectuate the change. A companion amendment under Item 469 provides funding to support the additional benefit cost for the state employees.

Funding Details
By Program Program Code Program Title FY 2024 FY 2025
  704 Personnel Management Services $70,000 $0
By Fund Fund Code Fund Title FY 2024 FY 2025
  07180 Vrs Administrative Expense $70,000 $0
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 14:41:02