Friday, September 5, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB187: Retirement System; average final compensation retirement multiplier for teachers.
Chief Patron
Sen.
Mark Herring (D-33)
Mark Herring
(D-33)
Served: 2006–
Progress
 |
Introduced |
 |
Passed Committee |
 |
Passed House |
|
Passed Senate |
|
Signed by Governor |
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Became Law |
Status
02/13/2008: Failed to Pass in Committee
Summary
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 2.0 multiplier would apply to the total amount of creditable service at the time of retirement, regardless if some portion of the total amount of creditable service relates to other than teaching. The bill applies to current and future retirees.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/21/2008, 01/21/2008, 02/13/2008 and 02/13/2008.
Poll Results
4 votes
Tags
Bill Text
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Comments
Loyal state employees need more support during retirement.