Retirement System; service retirement benefit allowance for teachers. (HB4)

Introduced By

Del. Jim Shuler (D-Blacksburg)

Progress

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

Description

Virginia Retirement System; average final compensation retirement multiplier for teachers. Increases from 1.7 to 2.0 the average final compensation retirement multiplier for teachers with 10 or more years of creditable service earned as a teacher. The bill applies to teachers first retiring on or after July 1, 2006. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
11/21/2005Prefiled and ordered printed; offered 01/11/06 065108508
11/21/2005Referred to Committee on Appropriations
01/23/2006Fiscal impact statement from VRS (HB4)
01/27/2006Assigned App. sub: Compensation and Retirement (Putney)
02/15/2006Left in Appropriations