HB1154: Sick leave; retirement credit for unused balances of state & local employees.

Chief Patron

Del. Bud Phillips (D-2)

Bud Phillips (D-2)
Castlewood, VA
Served: 1990–

Progress

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

Status

02/12/2008: Failed to Pass in Committee

View Entire History

Summary

Retirement credit for unused sick leave.  Provides that the unused sick leave balances of state and local employees who are not covered by the Virginia Sickness and Disability Program or an employer-sponsored short- or long-term disability sickness plan would be converted into additional retirement credit upon the effective date of retirement. Unused sick leave would be converted into retirement credit at the rate of one month of service for each 173 hours of unused sick leave.

The actuarial cost for the conversion of sick leave balances to additional service credit would be incorporated into the applicable employer’s annual contribution for retirement.