Defined contribution retirement plan; permits any locality or school board to establish. (HB257)

Introduced By

Del. Chris Stolle (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
01/10/2012Prefiled and ordered printed; offered 01/11/12 12100515D
01/10/2012Referred to Committee on Appropriations
01/16/2012Assigned App. sub: Compensation and Retirement
01/24/2012Impact statement from VRS (HB257)
02/09/2012Subcommittee recommends laying on the table
02/20/2012Left in Appropriations