Thursday, July 24, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB1941: Retirement System; defined contribution retirement plan.
Chief Patron
Del.
Harry Purkey (R-82)
Harry Purkey
(R-82)
Virginia Beach, VA
Served: 1986–
Progress
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Introduced |
 |
Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
Bill is Dead
Summary
Virginia Retirement System; defined contribution retirement plan. Creates a new defined contribution retirement plan for all employees who begin employment on or after July 1, 2008, in lieu of participating in any other retirement plan administered by the Virginia Retirement System. All other employees may elect to participate in the plan in lieu of participating in any other retirement plan administered by the Virginia Retirement System.
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Poll Results
2 votes
Comments
So now they are attempting to take the VRS pension plan away from future generation of state workers to be replaced by a 401K type plan. After major corporations are looting and dumping their good plans, I never thought Virginia would do this to their own workers.
Unbelievable.