| • |
| Migrate information technology services and data to the cloud |
Decision Package |
|
| |
Implements cloud migration initiative. Moving infrastructure and data to the cloud will increase the speed of the agency's business solutions, address member needs and data consumption, and provide access to data in case of a disaster or power outage. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$4,074,809 |
$4,245,609 |
| Positions |
3.00 |
3.00 |
|
| • |
| Implement information technology security enhancements |
Decision Package |
|
| |
Provides nongeneral fund appropriation and full-time equivalent positions both years. This amendment will allow the agency to remain in compliance with state and federal information technology security guidelines. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$2,268,011 |
$1,724,411 |
| Positions |
3.00 |
3.00 |
|
| • |
| Fund in-house and private investment activities |
Decision Package |
|
| |
Supports the growth of in-house and private investment activities. The additional investment staff and acquisition of advanced analytical tools will allow the agency to improve its analytical and trading capabilities. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$1,357,370 |
$1,835,874 |
| Positions |
2.00 |
3.00 |
|
| • |
| Adjust appropriation for centrally funded 2.75 percent salary increase for state employees |
Base Budget Adjustment |
|
| |
Adjusts appropriation for the 2.75 percent salary increase for state employees budgeted in Central Appropriations, Item 474 T. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$970,391 |
$970,391 |
|
| • |
| Reflect completion of online retirement solutions |
Base Budget Adjustment |
|
| |
Eliminates nongeneral fund appropriation provided for the final phase of the Modernization project. Since the completion of the Modernization project, state and local members are able to view and manage their retirement benefits online. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
($798,550) |
($798,550) |
|
| • |
| Adjust appropriation for centrally funded 2.25 percent merit-based salary increase for state employees |
Base Budget Adjustment |
|
| |
Adjusts appropriation for the 2.25 percent merit-based salary increase for state employees budgeted in Central Appropriations, Item 474 V. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$685,316 |
$685,316 |
|
| • |
| Strengthen regulatory compliance |
Decision Package |
|
| |
Addresses increased workload related to the growth of investment activity and external regulations. This amendment also provides funding for fiscal services related to legal and regulatory requirements. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$515,368 |
$820,368 |
| Positions |
3.00 |
3.00 |
|
| • |
| Continue fraud detection and prevention practices |
Decision Package |
|
| |
Implements solutions to authenticate member accounts and report suspicious activity. This amendment will strengthen the agency's ability to detect fraudulent activities conducted online and through its call center. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$468,504 |
$470,979 |
| Positions |
1.00 |
1.00 |
|
| • |
| Schedule refresh of hardware |
Decision Package |
|
| |
Provides nongeneral fund appropriation to refresh existing hardware. This amendment will allow the agency to refresh its voice server infrastructure, voice routers, and voice and data transmission equipment. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$175,000 |
$725,400 |
|
| • |
| Replace financial management system |
Decision Package |
|
| |
Replaces the financial management system in the first year and provides ongoing system and maintenance support in the second year. The financial management system serves as the source for all of the agency's financial transactions, including investment activities, processing of monthly retiree payroll, operating budget expenditures, and financial reporting required for the pension and other post-employment benefit plans. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$731,500 |
$100,000 |
|
| • |
| Increase member access to agency resources |
Decision Package |
|
| |
Provides one-on-one member counseling sessions and presentations for members located in the Southwest, Northern, and Tidewater regions. This amendment provides in-person customer service for members who may have limited access to online resources or where the member base is dense. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$307,568 |
$403,484 |
| Positions |
3.00 |
4.00 |
|
| • |
| Adjust appropriation for centrally funded changes to state health insurance premiums |
Base Budget Adjustment |
|
| |
Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 474 G. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$273,024 |
$273,024 |
|
| • |
| Manage investment portfolio |
Decision Package |
|
| |
Provides resources in the second year to maximize the agency's investment portfolio. The additional resources will allow the agency to make better investment decisions and enhance the profile of the investment portfolio. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$0 |
$501,526 |
| Positions |
0.00 |
1.00 |
|
| • |
| Remove nongeneral fund appropriation for one-time software purchase |
Base Budget Adjustment |
|
| |
Removes nongeneral fund appropriation provided for one-time purchase of Microsoft Office 365. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
($150,000) |
($150,000) |
|
| • |
| Support market-driven investment data and services |
Base Budget Adjustment |
|
| |
Adjusts nongeneral fund appropriation to support the investment data feeds and services utilized by the agency's investment division. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$45,950 |
$144,858 |
|
| • |
| Adjust funding for internally-managed investment activities |
Base Budget Adjustment |
|
| |
Adjusts nongeneral fund appropriation for consultant costs related to infrastructure redesign and project oversight. This adjustment also adjusts the agency's nongeneral fund appropriation to support the investment program's operating costs. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
($95,400) |
($90,800) |
|
| • |
| Fund office space expenses |
Base Budget Adjustment |
|
| |
Supports rent costs of privately-leased space occupied by the agency's operational and investment divisions. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$38,976 |
$77,956 |
|
| • |
| Adjust appropriation for centrally funded changes to Cardinal Financials System charges |
Base Budget Adjustment |
|
| |
Adjusts appropriation for changes to Cardinal Financials System internal service fund charges budgeted in Central Appropriations, Item 475 L. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$51,982 |
$51,982 |
|
| • |
| Adjust funding for risk management program |
Base Budget Adjustment |
|
| |
Eliminates nongeneral fund appropriation provided for implementation and training costs. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
($50,000) |
($50,000) |
|
| • |
| Support software upgrade costs |
Base Budget Adjustment |
|
| |
Provides additional nongeneral fund appropriation to fund annual software upgrades for the client support server network. These upgrades address software security issues as well as identify and fix software defects. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$17,146 |
$34,635 |
|
| • |
| Adjust appropriation for centrally funded retirement rate changes |
Base Budget Adjustment |
|
| |
Adjusts appropriation for changes to contribution rates for state employee retirement plans budgeted in Central Appropriations, Item 474 H. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$8,525 |
$8,525 |
|
| • |
| Adjust appropriation for centrally funded state employee other post-employment benefit rate changes |
Base Budget Adjustment |
|
| |
Adjusts appropriation for changes to state employee other post-employment benefit rates budgeted in Central Appropriations, Item 474 K. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
($8,525) |
($8,525) |
|
| • |
| Adjust appropriation for centrally funded information technology auditors and security officers |
Base Budget Adjustment |
|
| |
Adjusts appropriation for information technology auditors and information security officers budgeted in Central Appropriations, Item 475 K. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
($5,616) |
($5,616) |
|
| • |
| Adjust appropriation for centrally funded workers’ compensation premium changes |
Base Budget Adjustment |
|
| |
Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 474 R. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$2,278 |
$2,278 |
|
| • |
| Adjust appropriation for centrally funded changes to Performance Budgeting System charges |
Base Budget Adjustment |
|
| |
Adjusts appropriation for changes to Performance Budgeting System internal service fund charges budgeted in Central Appropriations, Item 475 M. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$1,185 |
$1,185 |
|
| • |
| Correct elimination of funding for retiree health insurance program changes |
Base Budget Adjustment |
|
| |
Removes funding provided to implement the proposed increase to the retiree health insurance credit for certain state and local public safety employees from the correct service area. A budget amendment removed appropriation to support the administrative costs from the Administration of Retirement and Insurance Programs service area; however, the appropriation was provided in the General Management and Direction service area. |
| • |
| Realign operating budget |
Decision Package |
|
| |
Transfers nongeneral fund appropriation among service areas. This net-zero sum adjustment is based on the agency's projected expenses for the upcoming biennium. |
