Virginia Retirement System and local government retirement systems; investments. (HB514)
Introduced By
Del. Rick Morris (R-Carrollton)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
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 |
|---|---|
| 01/06/2014 | Committee |
| 01/06/2014 | Prefiled and ordered printed; offered 01/08/14 14102532D |
| 01/06/2014 | Referred to Committee on Appropriations |
| 01/10/2014 | Assigned App. sub: Compensation and Retirement |
| 01/15/2014 | Stricken from docket by Appropriations |