Virginia Retirement System; benefits. (HB408)

Introduced By

Del. Riley Ingram (R-Hopewell)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Retirement System benefits. Provides for an increase, beginning July 1, 2016, of the monthly retirement allowance payable to any person who retired with at least 15 years of creditable service before January 1, 1990, under the Virginia Retirement System or the State Police Officers' Retirement System (or predecessor retirement systems). Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/07/2016Committee
01/07/2016Prefiled and ordered printed; offered 01/13/16 16102793D
01/07/2016Referred to Committee on Appropriations
01/14/2016Assigned to sub: Subcommittee Compensation and Retirement
01/14/2016Assigned App. sub: Subcommittee Compensation and Retirement
01/14/2016Assigned App. sub:
01/25/2016Impact statement from VRS (HB408)
02/18/2016Left in Appropriations

Comments

Bill P writes:

Save 300 million a year by raising the vrs age to 65 and offering HC plans similar to silver level ACA.The private sector workers don't get to retire at age 55 why should state workers?

Miriam Sullivan writes:

I want VRS retirement age raised to 63 years old which is more comparable to private sector. VRS healthcare deductibles need to also be increased by at least $250 to be more in line with private sector healthcare plans!

Charles McAndrew writes:

Raise the retirement age to 65 for those folks under 50 years of age. Concentrate on resolving the massive unfunded pension liability.