Defined contribution retirement plan; permits any locality or school board to establish. (SB506)

Introduced By

Sen. Frank Wagner (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
01/11/2012Prefiled and ordered printed; offered 01/11/12
01/11/2012Prefiled and ordered printed; offered 01/11/12 12100768D
01/11/2012Referred to Committee on Finance
01/24/2012Impact statement from VRS (SB506)
02/08/2012Stricken at request of Patron in Finance (15-Y 0-N) (see vote tally)