Retirement System; service retirement benefit allowance for teachers. (HB4)
Introduced By
Del. Jim Shuler (D-Blacksburg)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Retirement System; average final compensation retirement multiplier for teachers. Increases from 1.7 to 2.0 the average final compensation retirement multiplier for teachers with 10 or more years of creditable service earned as a teacher. The bill applies to teachers first retiring on or after July 1, 2006. Amends § 51.1-155 (“Service retirement allowance.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
View Bill's History
