Defined contribution retirement plan, local; locality to establish in lieu of other retirement plan. (SB861)

Introduced By

Sen. Frank Wagner (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. Amends § 51.1-800, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2011Prefiled and ordered printed; offered 01/12/11 11101894D
01/10/2011Referred to Committee on Finance
01/21/2011Impact statement from VRS (SB861)
02/08/2011Left in Finance

Comments

Rod I., tracking this bill in Photosynthesis, notes:

VB Legislative Agenda item