Virginia Retirement System and local government retirement systems; investments. (SB385)
Introduced By
Sen. Bryce Reeves (R-Spotsylvania)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
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Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Retirement System and local government retirement systems; investments. Authorizes the Virginia Retirement System and any local government retirement system to purchase investment grade life insurance policies and annuity policies on their members or retirees, provided that (i) the applicable retirement system offers a monetary benefit to a beneficiary selected by the member or retiree and (ii) the member or retiree consents to such retirement system having an insurable interest in him. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/07/2014 | Prefiled and ordered printed; offered 01/08/14 14102516D |
01/07/2014 | Referred to Committee on Finance |
01/22/2014 | Impact statement from VRS (SB385) |
01/23/2014 | Impact statement from VRS (SB385) |
02/04/2014 | Stricken at request of Patron in Finance (11-Y 0-N) (see vote tally) |