Hybrid retirement program; disclosure of services, etc., associated with voluntary contributions. (SB1162)
Introduced By
Sen. John Watkins (R-Midlothian)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
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 »
Outcome
Bill Has Passed
History
| Date | Action |
|---|---|
| 01/13/2015 | Prefiled and ordered printed; offered 01/14/15 15103535D |
| 01/13/2015 | Referred to Committee on Finance |
| 01/26/2015 | Impact statement from VRS (SB1162) |
| 02/04/2015 | Reported from Finance with substitute (14-Y 0-N) (see vote tally) |
| 02/04/2015 | Committee substitute printed 15104576D-S1 |
| 02/05/2015 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
| 02/06/2015 | Read second time |
| 02/06/2015 | Reading of substitute waived |
| 02/06/2015 | Committee substitute agreed to 15104576D-S1 |
| 02/06/2015 | Engrossed by Senate - committee substitute SB1162S1 |
| 02/06/2015 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
| 02/06/2015 | Passed Senate (37-Y 0-N) (see vote tally) |
| 02/10/2015 | Placed on Calendar |
| 02/10/2015 | Read first time |
| 02/10/2015 | Referred to Committee on Appropriations |
| 02/11/2015 | Impact statement from VRS (SB1162S1) |
| 02/11/2015 | Reported from Appropriations with substitute (22-Y 0-N) (see vote tally) |
| 02/11/2015 | Committee substitute printed 15105033D-H1 |
| 02/12/2015 | Read second time |
| 02/13/2015 | Read third time |
| 02/13/2015 | Committee substitute agreed to 15105033D-H1 |
| 02/13/2015 | Engrossed by House - committee substitute SB1162H1 |
| 02/13/2015 | Passed House with substitute (95-Y 1-N) |
| 02/13/2015 | VOTE: PASSAGE (95-Y 1-N) (see vote tally) |
| 02/17/2015 | House substitute agreed to by Senate (37-Y 0-N) (see vote tally) |
| 02/17/2015 | Title replaced 15105033D-H1 |
| 02/18/2015 | Impact statement from VRS (SB1162H1) |
| 02/20/2015 | Enrolled |
| 02/20/2015 | Bill text as passed Senate and House (SB1162ER) |
| 02/20/2015 | Impact statement from VRS (SB1162ER) |
| 02/20/2015 | Signed by Speaker |
| 02/23/2015 | Signed by President |
| 02/24/2015 | G Governor's Action Deadline Midnight, Monday, March 30, 2015 |
| 02/24/2015 | Enrolled Bill Communicated to Governor on 2/24/15 |
| 02/24/2015 | G Governor's Action Deadline Midnight, Sunday, March 29, 2015 |
| 03/23/2015 | G Approved by Governor-Chapter 538 (effective - see bill) |
| 03/23/2015 | G Acts of Assembly Chapter text (CHAP0538) |
Video
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.