Retirement plan; any locality or school board may establish defined contribution plan. (HB727)

Introduced By

Del. Bob Purkey (R-Virginia Beach)

Progress

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

Description

Local defined contribution retirement plan.  Permits any locality or school board to establish a defined contribution retirement plan in lieu of any other retirement plan, for employees hired after such plan is established. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/12/2010Committee
01/12/2010Prefiled and ordered printed; offered 01/13/10 10100463D
01/12/2010Referred to Committee on Appropriations
01/19/2010Assigned App. sub: Compensation and Retirement
01/27/2010Impact statement from VRS (HB727)
01/28/2010Subcommittee recommends no action
02/16/2010Left in Appropriations