Retirement System; retirement supplement. (HB562)

Introduced By

Del. Bob Tata (R-Virginia Beach)

Progress

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

Description

Virginia Retirement System; retirement supplement ("COLA").  Clarifies (i) that the allowance supplement that is indexed to inflation will not reduce the allowance when there is deflation, and (ii) corrects how COLA adjustments should be calculated following a period of deflation. The bill also makes some technical changes. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2010Committee
01/12/2010Prefiled and ordered printed; offered 01/13/10 10103905D
01/12/2010Referred to Committee on Appropriations
01/19/2010Assigned App. sub: Compensation and Retirement
01/27/2010Impact statement from VRS (HB562)
01/28/2010Subcommittee recommends reporting (7-Y 0-N)
02/01/2010Reported from Appropriations (21-Y 0-N) (see vote tally)
02/03/2010Read first time
02/04/2010Read second time and engrossed
02/08/2010Read third time and passed House BLOCK VOTE (97-Y 0-N)
02/08/2010VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/09/2010Constitutional reading dispensed
02/09/2010Referred to Committee on Finance
03/02/2010Reported from Finance (15-Y 0-N) (see vote tally)
03/03/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
03/04/2010Read third time
03/04/2010Passed Senate (40-Y 0-N) (see vote tally)
03/11/2010Enrolled
03/11/2010Bill text as passed House and Senate (HB562ER)
03/11/2010Signed by Speaker
03/13/2010Signed by President
03/24/2010Impact statement from VRS (HB562ER)
04/13/2010G Approved by Governor-Chapter 752 (effective 7/1/10)
04/13/2010G Acts of Assembly Chapter text (CHAP0752)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 30 seconds.