Retirement System; purchase of prior service credit by teachers. (SB1378)
Introduced By
Sen. Ken Stolle (R-Virginia Beach)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Purchase of prior service credit by teachers. Provides teachers with six years of teaching experience in the Commonwealth with an additional year to purchase prior service at a cost of five percent of creditable compensation or five percent of average final compensation, whichever is greater. The additional year would begin on the date that the teacher attained six years of creditable service earned as a teacher. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/14/2009 | Prefiled and ordered printed; offered 01/14/09 094469328 |
01/14/2009 | Referred to Committee on Finance |
01/22/2009 | Impact statement from VRS (SB1378) |
02/11/2009 | Left in Finance |