Hybrid retirement program; disclosure of services, etc., associated with voluntary contributions. (SB1162)

Introduced By

Sen. John Watkins (R-Midlothian)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Hybrid retirement program; school division deferred compensation and cash match plans. Allows school divisions the option of establishing and administering their own deferred compensation and cash match plans for the hybrid retirement program. Employees of such school divisions would have the option of participating in such programs. The bill has a delayed effective date of January 1, 2016. Read the Bill »


Bill Has Passed


01/13/2015Prefiled and ordered printed; offered 01/14/15 15103535D
01/13/2015Referred to Committee on Finance
01/26/2015Impact statement from VRS (SB1162)
02/04/2015Reported from Finance with substitute (14-Y 0-N) (see vote tally)
02/04/2015Committee substitute printed 15104576D-S1
02/05/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/06/2015Read second time
02/06/2015Reading of substitute waived
02/06/2015Committee substitute agreed to 15104576D-S1
02/06/2015Engrossed by Senate - committee substitute SB1162S1
02/06/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/06/2015Passed Senate (37-Y 0-N) (see vote tally)
02/10/2015Placed on Calendar
02/10/2015Read first time
02/10/2015Referred to Committee on Appropriations
02/11/2015Impact statement from VRS (SB1162S1)
02/11/2015Reported from Appropriations with substitute (22-Y 0-N) (see vote tally)
02/11/2015Committee substitute printed 15105033D-H1
02/12/2015Read second time
02/13/2015Read third time
02/13/2015Committee substitute agreed to 15105033D-H1
02/13/2015Engrossed by House - committee substitute SB1162H1
02/13/2015Passed House with substitute (95-Y 1-N)
02/13/2015VOTE: PASSAGE (95-Y 1-N) (see vote tally)
02/17/2015House substitute agreed to by Senate (37-Y 0-N) (see vote tally)
02/17/2015Title replaced 15105033D-H1
02/18/2015Impact statement from VRS (SB1162H1)
02/20/2015Bill text as passed Senate and House (SB1162ER)
02/20/2015Impact statement from VRS (SB1162ER)
02/20/2015Signed by Speaker
02/23/2015Signed by President
02/24/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/24/2015Enrolled Bill Communicated to Governor on 2/24/15
02/24/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/23/2015G Approved by Governor-Chapter 538 (effective - see bill)
03/23/2015G Acts of Assembly Chapter text (CHAP0538)


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 1 minute.

Duplicate Bills

The following bills are identical to this one: HB2178.