VRS; certain higher educational institution employees in optional retirement plan. (HB486)

Introduced By

Del. Onzlee Ware (D-Roanoke)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Retirement System; certain employees in the optional retirement plan for institutions of higher education.  Provides employees in the optional retirement plan for institutions of higher education the opportunity to purchase service credit in the defined benefit plan with accrued contributions and earnings, and thereafter be covered under the defined benefit plan. Read the Bill »


Bill Has Failed


01/10/2012Prefiled and ordered printed; offered 01/11/12 12102886D
01/10/2012Referred to Committee on Appropriations
01/16/2012Assigned App. sub: Compensation and Retirement
01/20/2012Impact statement from VRS (HB486)
02/09/2012Subcommittee recommends continuing to 2013
02/10/2012Continued to 2013 in Appropriations
02/10/2012Committee amendments
02/10/2012Continued to 2013 with amendment(s) in Appropriations


Kevin Handley writes:

I'm a community college professor and I want to spend the rest of my career working in the Virginia Community College System. The option to move my retirement into the VRS will allow me to do that without having to worry about my retirement or find another job to fund my retirement. Thank you so much for considering this bill.