SUPTS. MEMO. NO. 74
August 20, 1999
|FROM:||Paul D. Stapleton
Superintendent of Public Instruction
|SUBJECT:||Virginia Retirement System (VRS) Contribution|
Attached is a letter dated July 26, 1999, from Mr. William H. Leighty, Director of VRS, which provides the fringe benefit contribution rates approved by the VRS Board of Trustees for fiscal years 2000, 2001, and 2002. The contribution rates approved for fiscal years 2001 and 2002 have been forwarded to the Governor for consideration in his 2000-2002 budget proposal. The actual rates will be determined based upon final action by the Governor and the 2000 General Assembly. If you have questions regarding VRS rates charged to your school division, please contact Mr. Gary Smith (804-344- 3122) or Mr. Bo Harris (804-344-3121) at VRS. If you have questions regarding the use of VRS rates in Standards of Quality (SOQ) funding, please contact Mr. Kent C. Dickey, Budget Office, at (804) 225-2025. PDS/KCD:pft Attachment: A hard copy of this memo and its attachment will be sent to the superintendent's office.