Central Appropriations (995)
| Request Title | Adjust funding for other post-employment benefit programs |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | Unanticipated and unavoidable cost adjustments |
| Region | None |
Description
|
Adjusts general fund support for the changes in employer contribution rates for other post-employment benefit programs for state and state-supported local employees. Funding is provided for the full contribution rates certified by the Virginia Retirement System Board for the state employee sickness and disability based on the June 30, 2023, valuation for 2025 and 2026. Contribution rates for the state employee group life insurance and retiree health insurance credit programs, and the state-supported local employee retiree health insurance credit program, are maintained at their existing level, which are higher contribution rates than what was certified by the Board of Trustees. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | ($2,720,859) | ($2,839,154) | |
| 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 2024 | FY 2025 |
| 757 | Compensation And Benefit Adjustments | ($2,720,859) | ($2,839,154) | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | ($2,720,859) | ($2,839,154) |
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 18:39:59
