Retirement System; early retirement for certain employees. (HB1655)

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; early retirement for certain employees.  Removes the option for state employees hired on or after July 1, 2010, who are covered under the main defined benefit plan, (i.e., excluding the separate plans for law-enforcement employees and judges), to retire if they are less than 65 years old. Under current law such employees can retire at the age of 60 with at least five years of service, with reduced benefits, or, in certain instances when the sum of their age and years of service is equal to or greater than 90, with unreduced benefits. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2011Committee
01/10/2011Prefiled and ordered printed; offered 01/12/11 11102050D
01/10/2011Referred to Committee on Appropriations
01/13/2011Assigned App. sub: Compensation and Retirement
01/25/2011Impact statement from VRS (HB1655)
02/01/2011Subcommittee recommends laying on the table
02/08/2011Left in Appropriations