Virginia Retirement System; average final compensation. (HB1316)

Introduced By

Del. David Toscano (D-Charlottesville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Retirement System; average final compensation. Provides that if an employee receives increases in compensation related to a promotion or new position in the last four years of service that exceed 400 percent of the employee's average annual compensation during the preceding three years, then the employee's service retirement allowance shall be based upon average annual compensation during the employee's final ten years of service. The provision would not apply to an employee who returns to service after at least a one year gap in service, who receives a judicial appointment, or who is elected Governor or Attorney General. Read the Bill »


Bill Has Failed


11/18/2014Prefiled and ordered printed; offered 01/14/15 15101080D
11/18/2014Referred to Committee for Courts of Justice
01/13/2015Assigned Courts sub: Ethics
01/19/2015Impact statement from VRS (HB1316)
01/22/2015Impact statement from VRS (HB1316)
02/04/2015Subcommittee recommends laying on the table
02/10/2015Left in Courts of Justice

Duplicate Bills

The following bills are identical to this one: SB687.