Retirement System; defined contribution retirement plan for eligible members. (HB610)

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, 2010, 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
01/12/2010Committee
01/12/2010Prefiled and ordered printed; offered 01/13/10 10102086D
01/12/2010Referred to Committee on Appropriations
01/19/2010Assigned App. sub: Compensation and Retirement
01/25/2010Impact statement from VRS (HB610)
01/28/2010Subcommittee recommends no action
02/16/2010Left in Appropriations