Retirement System; average final compensation retirement multiplier. (SB619)
Introduced By
Sen. Ken Stolle (R-Virginia Beach)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. View Full Text »
Outcome
Bill Has Failed
View Bill's History
