Virginia Retirement System; assumed rate of return on investments for employer contributions. (HB178)

Introduced By

Del. Peter Farrell (R-Henrico)

Progress

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

Description

Virginia Retirement System; assumed rate of return on investments. Provides that if the General Assembly adopts an assumed rate of return on investments that is different from the rate used by the Board of the Virginia Retirement System (VRS) in determining employer contribution rates for contributions to VRS, the Board shall recalculate the employer contribution rate for each employer to incorporate the assumed rate of return adopted by the General Assembly. The Board is required to provide each employer with its adjusted employer contribution rate as soon as possible. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/23/2013Committee
12/23/2013Prefiled and ordered printed; offered 01/08/14 14100797D
12/23/2013Referred to Committee on Appropriations
01/10/2014Assigned App. sub: Compensation and Retirement
01/13/2014Impact statement from VRS (HB178)
01/30/2014Subcommittee recommends striking from docket
02/12/2014Left in Appropriations