SB619: Retirement System; average final compensation retirement multiplier.

Chief Patron

Ken Stolle (R-8)
Suite 700 Virginia Beach, VA
Served: 1992–

Progress

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

Status

01/29/2008: Failed to Pass in Committee

View Entire History

Summary

Virginia Retirement System; average final compensation retirement multiplier. Allows members of the Virginia Retirement System to make member contributions for purposes of increasing the average final compensation retirement multiplier from 1.7 percent to 1.85 percent. Members would be required to pay the actuarial equivalent cost for such increase. All such contributions would be treated as additional employee contributions.

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Video

Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/09/2008, 01/09/2008, 01/21/2008 and 01/21/2008.

Poll Results

3 votes

Bill Text

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