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