Retirement System; changes formula for purchase of service by school division superintendents. (SB814)

Introduced By

Sen. Mamie Locke (D-Hampton)

Progress

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

Description

Retirement System; purchase of service by school division superintendents. Changes the formula for the additional service required of school division superintendents in order to fully earn credit for retirement service that has been purchased by the superintendent or by the local school board on his behalf. This bill would only apply to the additional 10 years of retirement service that may be purchased by school division superintendents under 51.1-142.3 of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/03/2008Prefiled and ordered printed; offered 01/14/09 092819256
12/03/2008Referred to Committee on Finance
01/23/2009Impact statement from VRS (SB814)
02/04/2009Reported from Finance (8-Y 7-N) (see vote tally)
02/05/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/06/2009Read second time and engrossed
02/09/2009Read third time and passed Senate (27-Y 13-N) (see vote tally)
02/13/2009Placed on Calendar
02/13/2009Read first time
02/13/2009Referred to Committee on Appropriations
02/16/2009Assigned App. sub: Compensation and Retirement (Hogan, Clarke N.)
02/28/2009Left in Appropriations

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 1 minute.