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

DateAction
01/06/2014Committee
01/06/2014Prefiled and ordered printed; offered 01/08/14 14102532D
01/06/2014Referred to Committee on Appropriations
01/10/2014Assigned App. sub: Compensation and Retirement
01/15/2014Stricken from docket by Appropriations

Duplicate Bills

The following bills are identical to this one: SB385.