Retirement System; creates new defined contribution plan for employees who enter on/after 7/1/07. (HB2956)

Introduced By

Del. Rob Bell (R-Charlottesville)

Progress

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

Description

Virginia Retirement System; defined contribution plan. Creates a new defined contribution plan for all employees who enter on or after July 1, 2007, into any position covered by any retirement plan administered by the Virginia Retirement System. The employee has 90 days after entering into such a position to elect to participate in the defined contribution plan or the retirement plan for which he is otherwise eligible. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2007Committee
01/10/2007Prefiled and ordered printed; offered 01/10/07 073270232
01/10/2007Referred to Committee on Appropriations
01/16/2007Assigned App. sub: Compensation and Retirement (Putney)
01/19/2007Impact statement from VRS (HB2956)