Virginia State Employee Raises Fy 2023

Virginia State Employee Raises Fy 2023 Contact Information Department of Human Resource Management 101 N 14th Street 12th Floor Richmond VA 23219 Phone 804 225 2131

The deal sets aside nearly 55 million for the state s share of a 2 salary increase for teachers effective Jan 1 2024 adding to the 5 hike for the 2023 and 2024 fiscal years approved Full time and classified state employees except elected officials who were employed on or before August 10 2023 and remain employed shall receive a one time bonus payment of 1 500 on December 1 2023

Virginia State Employee Raises Fy 2023

Virginia State Employee Raises Fy 2023
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This also adds up to a 7 salary increase for these positions in the 2024 fiscal year with raises taking effect for state employees on Dec 10 Jan 1 2024 paycheck Dec 1 for state supported Official revenue forecast was not adjusted for economic projections and relied on assumptions from Fall 2021 FY 2023 Year End Without revising the official forecast a 3 0 billion surplus resulted and required the following deposits Revenue Reserve Fund at 289 6 million WQIF A at 408 7 million and WQIF B at 104 7 million

The deal is reminiscent of the 2022 agreement which provided one time state tax rebates to Virginians increased the standard deduction issued raises for teachers and state employees and funneled COVID era surpluses into a variety of programs 1 June 10 2023 Employee Salary Increases Item 483 S Chapter 2 of the 2022 Virginia Acts of Assembly Special Session I authorizes a five percent salary increase effective June 10 2023 for eligible full and part time classified and other salaried state employees including appointed at will and

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In addition our state employees will also be receiving a 1 000 bonus on December 1 2023 Under the Judicial Department we include 8 4 million to ensure that Line Budget Item FY 2023 FY 2024 Biennium 1 2 3 123 Raise State and State Supported Salary Increase to 7 0 Percent Summary The following compensation changes authorized in Chapter 2 2022 Acts of Assembly to become effective on June 10 2023 See the Fiscal Year 2024 Authorizations and Compensation Activities memo for specific citations June 10 2023 Changes

State Employee Compensation State Employee Raises The total cost of the across the board salary adjustments is 223 1 million from the general fund in fiscal year 2023 and 523 6 million from the general fund in fiscal year 2024 Note Most state employees pay increase will not become effective until August 1 2022 Budget Governor Glenn Youngkin announced that the Virginia state government has implemented an alternative hiring process for individuals with disabilities serving as a model for inclusive employment practices

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Virginia State Employee Raises Fy 2023 - The deal is reminiscent of the 2022 agreement which provided one time state tax rebates to Virginians increased the standard deduction issued raises for teachers and state employees and funneled COVID era surpluses into a variety of programs