Hybrid retirement program; local deferred compensation and cash match plans. (SB422)
Introduced By
Sen. John Watkins (R-Midlothian)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Hybrid retirement program; local deferred compensation and cash match plans. Allows political subdivisions the option of establishing and administering their own deferred compensation and cash match plans for all retirement programs if they elect not to participate in the plan administered by the Board of Trustees of the Virginia Retirement System for the hybrid retirement program. The bill also states that employees and state or local entities are not liable for loss. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/07/2014 | Prefiled and ordered printed; offered 01/08/14 14103389D |
| 01/07/2014 | Referred to Committee on Finance |
| 02/03/2014 | Impact statement from VRS (SB422) |
| 02/05/2014 | Reported from Finance with substitute (15-Y 2-N) (see vote tally) |
| 02/05/2014 | Committee substitute printed 14104769D-S1 |
| 02/06/2014 | Constitutional reading dispensed (40-Y 0-N) |
| 02/07/2014 | Read second time |
| 02/07/2014 | Reading of substitute waived |
| 02/07/2014 | Committee substitute agreed to 14104769D-S1 |
| 02/07/2014 | Engrossed by Senate - committee substitute SB422S1 |
| 02/10/2014 | Passed by for the day |
| 02/11/2014 | Continued to 2015 session pursuant to rule 20g |
| 02/11/2014 | Left in Finance |
| 02/11/2014 | Previous question, not ordered (18-Y 22-N) |
| 02/11/2014 | Motion to recommit to committee agreed to (22-Y 18-N) |
| 02/11/2014 | Recommitted to Finance |
| 02/11/2014 | Pursuant to Senate Rule 20g |
| 02/11/2014 | Continued to 2015 in Finance |