Retirement System; modifies benefits of state and local law-enforcement officers. (HB471)

Introduced By

Sen. John Cosgrove (R-Chesapeake)

Progress

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

Description

Retirement; state and local law-enforcement officers. Modifies the retirement benefits of state and local law-enforcement officers by (i) increasing from 1.7 percent to 2.5 percent the percentage of average final compensation multiplied by the years of creditable service in such positions, and by deleting the supplemental allowance currently paid to members upon retirement until their Social Security retirement age; and (ii) deleting the minimum age requirement for retirement for members with 25 or more years of service. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2006Prefiled and ordered printed; offered 01/11/06 064169276
01/09/2006Referred to Committee on Appropriations
01/27/2006Assigned App. sub: Compensation and Retirement (Putney)
01/29/2006Fiscal impact statement from VRS (HB471)
02/15/2006Left in Appropriations