Retirement System; increases benefits of certain future retirees. (HB89)

Introduced By

Del. Vince Callahan (R-McLean)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Retirement System; benefits. Increases monthly retirement benefits of certain future retirees by increasing the percentage of average final compensation multiplied by the amount of creditable service from 1.7 to 2.0 for years of service in excess of 25 years for most state employees, and from 2.0 to 2.3 for certain state law-enforcement officers. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/16/2005Prefiled and ordered printed; offered 01/11/06 065136260
12/16/2005Referred to Committee on Appropriations
01/26/2006Fiscal impact statement from VRS (HB89)
01/27/2006Assigned App. sub: Compensation and Retirement (Putney)
02/15/2006Left in Appropriations