Virginia Retirement System; local government and school board employees, contributions. (SB497)

Introduced By

Sen. John Watkins (R-Midlothian)

Progress

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

Description

Virginia Retirement System employee contributions; local employees; school board employees.  Requires that persons employed by local government or school board employers be required to pay the five percent employee contribution to the Virginia Retirement System. School board employees would be authorized to phase in the five percent contribution over a maximum of five years. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2012Prefiled and ordered printed; offered 01/11/12
01/11/2012Prefiled and ordered printed; offered 01/11/12 12103399D
01/11/2012Referred to Committee on Finance
01/23/2012Impact statement from VRS (SB497)
01/27/2012Impact statement from VRS (SB497)
02/09/2012Reported from Finance with substitute (13-Y 1-N) (see vote tally)
02/09/2012Committee substitute printed 12105343D-S1
02/13/2012Impact statement from VRS (SB497S1)
02/13/2012Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/14/2012Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/14/2012Read second time
02/14/2012Reading of substitute waived
02/14/2012Committee substitute agreed to 12105343D-S1
02/14/2012Reading of amendments waived
02/14/2012Amendments by Senator Watkins agreed to
02/14/2012Engrossed by Senate - committee substitute with amendments SB497ES1
02/14/2012Printed as engrossed 12105343D-ES1
02/14/2012Constitutional reading dispensed (38-Y 2-N) (see vote tally)
02/14/2012Passed Senate (29-Y 11-N) (see vote tally)
02/16/2012Placed on Calendar
02/16/2012Read first time
02/16/2012Referred to Committee on Appropriations
02/17/2012Assigned App. sub: Compensation and Retirement
02/22/2012Impact statement from VRS (SB497ES1)
02/28/2012Subcommittee recommends reporting with amendment(s) (8-Y 0-N)
02/29/2012Reported from Appropriations with substitute (22-Y 0-N) (see vote tally)
02/29/2012Committee substitute printed 12105702D-H1
03/02/2012Read second time
03/05/2012Read third time
03/05/2012Committee substitute agreed to 12105702D-H1
03/05/2012Engrossed by House - committee substitute SB497H1
03/05/2012Passed House with substitute (62-Y 35-N)
03/05/2012VOTE: PASSAGE (62-Y 35-N) (see vote tally)
03/06/2012House substitute rejected by Senate (1-Y 39-N) (see vote tally)
03/07/2012House insisted on substitute
03/07/2012House requested conference committee
03/07/2012Impact statement from VRS (SB497H1)
03/08/2012Senate acceded to request (40-Y 0-N) (see vote tally)
03/08/2012Conferees appointed by Senate
03/08/2012Senators: Watkins, Wagner, Howell
03/08/2012Conferees appointed by House
03/08/2012Delegates: Howell, W.J., Jones, Joannou
03/10/2012Conference report agreed to by Senate (34-Y 6-N) (see vote tally)
03/10/2012Conference report agreed to by House (55-Y 38-N)
03/10/2012VOTE: ADOPTION (55-Y 38-N) (see vote tally)
03/15/2012Enrolled
03/15/2012Bill text as passed Senate and House reprinted (SB497ER)
03/15/2012Bill text as passed Senate and House (SB497ER)
03/15/2012Signed by Speaker
03/16/2012Impact statement from VRS (SB497ER)
03/17/2012Signed by President
04/09/2012Governor's recommendation received by Senate
04/17/2012Placed on Calendar
04/18/2012Senate concurred in Governor's recommendation (33-Y 6-N) (see vote tally)
04/18/2012House concurred in Governor's recommendation (64-Y 26-N)
04/18/2012VOTE: ADOPTION (64-Y 26-N) (see vote tally)
04/18/2012G Governor's recommendation adopted
04/18/2012Reenrolled
04/18/2012Reenrolled bill text (SB497ER2)
04/18/2012Signed by President as reenrolled
04/18/2012Signed by Speaker as reenrolled
04/18/2012G Approved by Governor-Chapter 822 (effective 7/1/12)
04/18/2012G Acts of Assembly Chapter text (CHAP0822)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 5 clips in all, totaling 14 minutes.

Comments

T.K writes:

The state and local municipalities come after us each year trying to strip the employees of all benefits and pay reductions. Why is it when the economy is good everyone says to us "you guys deserve a raise" but as soon as the economy turns bad they are the first to try to cut our pay and benefits. I just don't get it. Why do you think people take a LOWER paying state or city job.....its for job security and benefits. Stop taking money out of the employees retirement accounts for your "special projects" and it would not be underfunded.