Retirement System; creates new defined contribution retirement plan for certain employees. (HB2154)

Introduced By

Del. Bob Purkey (R-Virginia Beach)

Progress

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

Description

Virginia Retirement System; defined contribution retirement plan. Creates a new defined contribution retirement plan for all employees who begin employment on or after July 1, 2009, in lieu of participating in any other retirement plan administered by the Virginia Retirement System. All other employees may elect to participate in the plan in lieu of participating in any other retirement plan administered by the Virginia Retirement System. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/14/2009Committee
01/14/2009Prefiled and ordered printed; offered 01/14/09 098227692
01/14/2009Referred to Committee on Appropriations
01/20/2009Assigned App. sub: Compensation and Retirement (Hogan, Clarke N.)
01/23/2009Impact statement from VRS (HB2154)
02/10/2009Left in Appropriations