HB419: Retirement System; Board shall pay cash-out amount in direct rollover to an individual plan.
Chief Patron
Del.
Lacey Putney (I-19)

Lacey Putney
(I-19)
Bedford, VA
Served: 1962–
Progress
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Introduced |
 |
Passed Committee |
 |
Passed House |
 |
Passed Senate |
 |
Signed by Governor |
 |
Became Law |
Status
04/05/2006: signed by governor
View Entire History
- 01/06/2006 Prefiled and ordered printed; offered 01/11/06 069152164
- 01/06/2006 Referred to Committee on Appropriations
- 01/25/2006 Fiscal impact statement from VRS (HB419)
- 01/27/2006 Assigned App. sub: Compensation and Retirement (Putney)
- 02/08/2006 Reported from Appropriations with substitute (23-Y 0-N)
- 02/09/2006 Committee substitute printed 069214476-H1
- 02/10/2006 Read first time
- 02/13/2006 Read second time
- 02/13/2006 Committee substitute agreed to 069214476-H1
- 02/13/2006 Engrossed by House - committee substitute HB419H1
- 02/14/2006 Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 02/14/2006 VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/14/2006 Communicated to Senate
- 02/15/2006 Constitutional reading dispensed
- 02/15/2006 Referred to Committee on Finance
- 02/27/2006 Fiscal impact statement from VRS (HB419H1)
- 03/01/2006 Reported from Finance (15-Y 0-N)
- 03/02/2006 Constitutional reading dispensed (39-Y 0-N)
- 03/02/2006 VOTE: (39-Y 0-N)
- 03/03/2006 Read third time
- 03/03/2006 Passed Senate (39-Y 0-N)
- 03/03/2006 VOTE: (39-Y 0-N)
- 03/11/2006 Bill text as passed House and Senate (HB419ER)
- 03/11/2006 Enrolled
- 03/11/2006 Signed by Speaker
- 03/13/2006 Signed by President
- 03/20/2006 Fiscal impact statement from VRS (HB419ER)
- 04/05/2006 G Approved by Governor-Chapter 637 (effective 7/1/06)
- 04/14/2006 G Acts of Assembly Chapter text (CHAP0637)
Summary
Retirement; mandatory cash-outs. Provides that if a
member does not elect a direct rollover or direct payment of a mandatory
cash-out greater than $1,000, the Board of the Virginia Retirement System shall
pay the cash-out amount in a direct rollover to an individual retirement plan
designated by the Board. View Full Text »
Poll Results
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