Retirement System; locality may increase retirement allowance for its employees. (HB1858)
Introduced By
Del. Steve Shannon (D-Vienna) with support from co-patron Sen. Chap Petersen (D-Fairfax)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Retirement System; optional increase for political subdivisions. Permits any locality that participates in the Virginia Retirement System to increase the retirement allowance for its employees from 1.70 percent of their average final compensation multiplied by the amount of their creditable service to 1.85 percent of their average final compensation multiplied by the amount of their creditable service.
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/12/2009 | Committee |
01/12/2009 | Prefiled and ordered printed; offered 01/14/09 098531724 |
01/12/2009 | Referred to Committee on Appropriations |
01/19/2009 | Assigned App. sub: Compensation and Retirement (Jones, S.C.) |
01/19/2009 | Assigned App. sub: Compensation and Retirement (Hogan, Clarke N.) |
01/22/2009 | Impact statement from VRS (HB1858) |
02/10/2009 | Left in Appropriations |