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2001 SPECIAL SESSION I
011839900Be it enacted by the General Assembly of Virginia:
1. That Chapter 1073 of the Acts of Assembly of 2000 is amended by adding an item numbered 541.10 as follows:
540. Not set out.
541. Not set out.
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541.10 |
Reversion Clearing Account - Employee Benefits (22700) |
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General |
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Authority: Discretionary Inclusion.
A. The Board of Trustees of the Virginia Retirement System (VRS) shall charge the Commonwealth, and local school boards, for fiscal year 2000-2001 and fiscal year 2001-2002, the actuarially derived rates for state employees, and teachers that are set forth in the valuation reports of June 30, 2000, for VRS, the Judicial Retirement System, the State Police Officers’ Retirement System, and the Virginia Law Officers’ Retirement System, whichever is applicable. The VRS Board of Trustees shall institute premium holidays and/or adjust rates as necessary for fiscal year 2001-2002 so that the Commonwealth and local school boards can recover the employer savings estimated at $28,081,561 the first year and $79,109,839 the second year that result from this action.
B. The VRS Board of Trustees shall charge the Commonwealth a group life insurance rate of .62 percent for state employees in fiscal year 2000-2001 and fiscal year 2001-2002, local school boards a group life insurance rate of .14 percent for their employees in fiscal year 2000-2001 and fiscal year 2001-2002, and the Commonwealth and local school boards the rate for the retiree health insurance credit minus the phase-in percentage in fiscal year 2001-2002. The VRS Board of Trustees shall institute premium holidays and/or adjust rates as necessary for fiscal year 2001-2002 so that the Commonwealth and local school boards can recover the employer savings estimated at $6,749,722 the first year and $8,812,395 the second year that result from this action.
C. Estimated amounts by employee type are as follows:
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Employee Type |
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Virginia Retirement System - State Employees and Constitutional Officers |
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Group Life - State |
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Group Life - Teachers |
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State Police Officers' Retirement System and Judicial Retirement System |
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Retiree Health Insurance Credit - State |
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Virginia Retirement System and Retiree Health Insurance Credit - Teachers |
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Total |
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542 through 550. Not set out.
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TOTAL FOR CENTRAL APPROPRIATIONS |
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General Fund Positions |
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Position Level |
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General |
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Higher Education Operating |
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Enterprise |
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Trust and Agency |
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2. § 1. That the Governor's Executive Order Seventy-four (01) issued on
February 24, 2001, shall not affect or alter in any way the authorizations and
appropriations previously made for the following capital projects pursuant to
Chapter 1073 of the Acts of Assembly of 2000, Chapter 1072 of the Acts of
Assembly of 2000, Chapter 889 of the Acts of Assembly of 1998, Chapter 853 of
the Acts of Assembly of 1995, or Chapter 965 of the Acts of Assembly of 1994:
Agency Project Code
College of William and Mary Heating and Cooling Improvements 16241
James Madison University Storm and Sewer Upgrade 16492
Mary Washington College Boiler Overhaul 16445
Mary Washington College Combs Hall 16082
Norfolk State University Communications Building Renovation 16086
Old Dominion University Constant Hall 16150
Radford University Walker Hall 16088
University of Virginia Special Collections Library 15598
Univ of VA's College at Wise Stormwater Management 16463
Virginia Commonwealth Univ University Libraries 16292
Virginia Comm College System Godwin and Holton Hall, MECC 16177
Virginia Comm College System Maintenance Facility, ESCC 16182
Virginia Comm College System Plaza Repairs, NVCC 16530
Virginia Comm College System Replace Roofs, Systemwide 16440
Virginia Comm College System Major Mechanical, Systemwide 16441
Virginia Comm College System Services Building, VWCC 16270
Virginia Comm College System Main Building Renovation, PVCC 15956
VA Inst for Marine Science Byrd Hall 16032
VA Inst for Marine Science Gloucester Bulkhead 16079
Virginia State University Johnston Memorial Library Renovations 16085
Virginia State University Virginia Hall 16247
Virginia State University Owens Hall 16083
Virginia Polytechnic Institute
and State University Dairy Science Facilities 16191
VPI and SU Cooperative Extension-Livestock Arena 16536
Department of Conservation
and Recreation Cabins and Campsites, Lake Anna 16539
Department of Conservation
and Recreation Shoreline Erosion, Mason Neck 16322
Department of Criminal
Justice Services Fort Picket Law Enforcement Drive Trng 14178
Department of Corrections Auger Grinder Systems, Multiple 16433
Dept of General Services General Assembly Building Elevators 16487
Dept of Juvenile Justice Wastewater Umbrella 15837
Department of State Police Melfa Area Office 16308
Department of State Police Wytheville Office 16311
Department of State Police Danville Area Office 16542
Department of State Police Clifton Forge Area Office 16543
Department of Mental Health Boilers, Heating and Cooling Phase II 16135
Department of Mental Health Boilers, Heating and Cooling Phase III 16373
Jamestown-Yorktown Foundation-Entrance Plaza, Parking and Roadways 16133
Jamestown-Yorktown Foundation-Exhibition Galleries, Theater 16026
Jamestown-Yorktown Foundation-Visitor Reception and Cafe Building 15894
All Agencies and Institutions-2nd Year Maintenance Reserve 15776
3. That this act is effective on its passage, as provided in subsection C of § 1-12 of the Code of Virginia.