Retirement System; increases average final compensation retirement multiplier for teachers. (HB1637)

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, 2007. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
11/14/2006Committee
11/14/2006Prefiled and ordered printed; offered 01/10/07 071904508
11/14/2006Referred to Committee on Appropriations
01/10/2007Assigned App. sub: Compensation and Retirement (Putney)
01/17/2007Impact statement from VRS (HB1637)