Retirement system; increases retirement multiplier for hazardous duty service performed by officers. (SB875)
Introduced By
Sen. Ryan McDougle (R-Mechanicsville)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Retirement multiplier for public safety officers. Increases the retirement multiplier for hazardous duty service performed by public safety officers by 0.025% for each full year over age 50 at the time of the member's retirement and by an additional 0.025% for each full year of creditable service in excess of 25 years at the time of the member's retirement. The retirement multiplier would be capped at 2.2%. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/08/2007 | Prefiled and ordered printed; offered 01/10/07 077455766 |
01/08/2007 | Referred to Committee on Finance |
01/18/2007 | Impact statement from VRS (SB875) |