Retirement System; average final compensation retirement multiplier for teachers. (HB736)

Introduced By

Del. Chuck Caputo (D-Oak Hill)

Progress

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

Description

Virginia Retirement System; average final compensation retirement multiplier for teachers. Increases from 1.7 to 2.0 the average final compensation retirement multiplier for teachers with five or more years of creditable service earned as a teacher. The bill applies to current and future retirees. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2008Committee
01/08/2008Prefiled and ordered printed; offered 01/09/08 088004456
01/08/2008Referred to Committee on Appropriations
01/15/2008Assigned App. sub: Compensation and Retirement (Jones, S.C.)
01/21/2008Impact statement from VRS (HB736)
02/12/2008Left in Appropriations

Comments

Michael Spinelli writes:

Virginia is among states that has the lowest support of its retired employees.

VA A., tracking this bill in Photosynthesis, notes:

VEA Initiated