Retirement System; optional retirement benefits to be approved by local government. (SB850)

Introduced By

Sen. Benny Lambert (D-Richmond)

Progress

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

Description

Virginia Retirement System; optional retirement benefits. Provides that local public school boards and political subdivisions of counties, cities, and towns may not offer or provide any optional retirement benefit under the Virginia Retirement System unless authorization for the same is provided by the respective governing body of the county, city, or town. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/05/2007Prefiled and ordered printed; offered 01/10/07 074812748
01/05/2007Referred to Committee on Finance
01/18/2007Impact statement from VRS (SB850)
01/24/2007Constitutional reading dispensed (40-Y 0-N)
01/25/2007Read second time and engrossed
01/26/2007Passed by for the day
01/30/2007Stricken from Senate calendar (40-Y 0-N)