Higher educational institutions; maintenance of optional retirement plan. (HB700)

Introduced By

Del. Riley Ingram (R-Hopewell) with support from co-patron Sen. Roz Dance (D-Petersburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Optional retirement plans maintained by institution of higher education. Allows the governing board of an institution of higher education that has established its own optional retirement plan to establish a policy regarding the number of years of service that an employee must perform before being entitled to receive all contributions made by the institution on his behalf to the plan. The policy would only apply to employees hired on or after July 1, 2014, who are not in continuous service at the time of hiring. Read the Bill »


Bill Has Passed


01/07/2014Prefiled and ordered printed; offered 01/08/14 14102074D
01/07/2014Referred to Committee on Appropriations
01/13/2014Impact statement from DPB (HB700)
01/27/2014Assigned App. sub: Compensation and Retirement
02/06/2014Subcommittee recommends reporting (6-Y 0-N)
02/07/2014Reported from Appropriations (21-Y 0-N) (see vote tally)
02/08/2014Read first time
02/10/2014Read second time and engrossed
02/11/2014Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/11/2014VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/12/2014Constitutional reading dispensed
02/12/2014Referred to Committee on Finance
02/26/2014Reported from Finance with amendment (17-Y 0-N) (see vote tally)
02/27/2014Constitutional reading dispensed (39-Y 0-N)
02/28/2014Read third time
02/28/2014Reading of amendment waived
02/28/2014Committee amendment agreed to
02/28/2014Engrossed by Senate as amended
02/28/2014Passed Senate with amendment(40-Y 0-N)
03/03/2014Placed on Calendar
03/04/2014Senate amendment agreed to by House (100-Y 0-N)
03/04/2014VOTE: ADOPTION (100-Y 0-N) (see vote tally)
03/06/2014Bill text as passed House and Senate (HB700ER)
03/06/2014Signed by Speaker
03/07/2014Impact statement from DPB (HB700ER)
03/09/2014Signed by President
04/07/2014G Approved by Governor-Chapter 764 (effective 7/1/14)
04/07/2014G Acts of Assembly Chapter text (CHAP0764)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 2 minutes.