Virginia Retirement System; fiscal impact analysis of employer contribution rates. (SB298)

Introduced By

Sen. Janet Howell (D-Reston)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Retirement System; fiscal impact analysis of employer contribution rates.  Requires the Board of the Virginia Retirement System to conduct a fiscal impact analysis whenever the appropriation for employer contribution rates included in the budget bill submitted by the Governor to the General Assembly is less than the Board-certified contribution rate, or when either house of the General Assembly adopts an amendment to the budget appropriating less than the Board-certified contribution rate. Amends § 51.1-145, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2012Prefiled and ordered printed; offered 01/11/12
01/10/2012Prefiled and ordered printed; offered 01/11/12 12103061D
01/10/2012Referred to Committee on Finance
01/20/2012Impact statement from VRS (SB298)
01/31/2012Reported from Finance (15-Y 0-N) (see vote tally)
02/01/2012Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/02/2012Read second time and engrossed
02/03/2012Read third time and passed Senate (38-Y 0-N) (see vote tally)
02/13/2012Placed on Calendar
02/13/2012Read first time
02/13/2012Referred to Committee on Appropriations
02/17/2012Assigned App. sub: Compensation and Retirement
03/10/2012Left in Appropriations