Sunday, October 12, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB508: Retirement System; prohibits reduction in the net retirement benefit paid to state employees.
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 51.1-124.13 as follows:
§ 51.1-124.13. Net benefits to state retirees not to be reduced.
The net retirement benefit paid to any current retired state employee shall not be reduced by any increase in health insurance premiums unless such increase results from the selection of expanded coverage by the retiree. The net retirement benefit paid to any future retiree shall not be reduced by any increase in health insurance premiums subsequent to the effective date of retirement unless such increase results from the selection of expanded coverage by the retiree.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.