VRS; certain higher educational institution employees in optional retirement plan. (HB486)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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 »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/10/2012 | Committee |
| 01/10/2012 | Prefiled and ordered printed; offered 01/11/12 12102886D |
| 01/10/2012 | Referred to Committee on Appropriations |
| 01/16/2012 | Assigned App. sub: Compensation and Retirement |
| 01/20/2012 | Impact statement from VRS (HB486) |
| 02/09/2012 | Subcommittee recommends continuing to 2013 |
| 02/10/2012 | Continued to 2013 in Appropriations |
| 02/10/2012 | Committee amendments |
| 02/10/2012 | Continued to 2013 with amendment(s) in Appropriations |
Comments
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.