Retirement System; increases average final compensation retirement multiplier for teachers. (HB1882)

Introduced By

Del. Chuck Caputo (D-Oak Hill)

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 5 or more years of creditable service earned as a teacher. The bill applies to current and future retirees. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/04/2007Committee
01/04/2007Prefiled and ordered printed; offered 01/10/07 078300262
01/04/2007Referred to Committee on Appropriations
01/10/2007Assigned App. sub: Compensation and Retirement (Putney)
01/17/2007Impact statement from VRS (HB1882)