Retirement System; modifies benefits of state and local law-enforcement officers. (HB471)

Introduced By

Del. John Cosgrove (R-Chesapeake)

Progress

√
 Introduced
X
 Passed Committee
☐
 Passed House
☐
 Passed Senate
☐
 Signed by Governor
☐
 Became Law

Description

Retirement; state and local law-enforcement officers. Modifies the retirement benefits of state and local law-enforcement officers by (i) increasing from 1.7 percent to 2.5 percent the percentage of average final compensation multiplied by the years of creditable service in such positions, and by deleting the supplemental allowance currently paid to members upon retirement until their Social Security retirement age; and (ii) deleting the minimum age requirement for retirement for members with 25 or more years of service. Amends § 51.1-138, § 51.1-206, § 51.1-207, § 51.1-208, § 51.1-216, § 51.1-217, § 51.1-218, § 51.1-811, of the Code of Virginia. View Full Text »

Outcome

Bill Has Failed

History

  • 01/09/2006 Prefiled and ordered printed; offered 01/11/06 064169276
  • 01/09/2006 Referred to Committee on Appropriations
  • 01/27/2006 Assigned App. sub: Compensation and Retirement (Putney)
  • 01/29/2006 Fiscal impact statement from VRS (HB471)
  • 02/15/2006 Left in Appropriations