Virginia Retirement System; stress testing and reporting policies. (HB1768)
Introduced By
Del. Scott Garrett (R-Lynchburg)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Retirement System; stress testing and reporting policies. Requires the Virginia Retirement System (VRS) to formally adopt stress testing and additional reporting policies. The bill requires VRS to analyze and regularly report on projections of benefit levels, pension costs, liabilities, and debt reduction under various scenarios; to provide a detailed online statement of investment policy and include investment performance data in certain timeframes up to 25 years; and to report investment performance and expenses such as carried interest fees. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/09/2017 | Committee |
01/09/2017 | Prefiled and ordered printed; offered 01/11/17 17103354D |
01/09/2017 | Referred to Committee on Appropriations |
01/12/2017 | Assigned App. sub: Compensation and Retirement |
01/20/2017 | Impact statement from VRS (HB1768) |
01/26/2017 | Subcommittee recommends reporting with substitute (7-Y 0-N) |
01/30/2017 | Reported from Appropriations with substitute (22-Y 0-N) (see vote tally) |
01/30/2017 | Committee substitute printed 17104819D-H1 |
02/01/2017 | Impact statement from VRS (HB1768H1) |
02/01/2017 | Read first time |
02/02/2017 | Read second time |
02/02/2017 | Committee substitute agreed to 17104819D-H1 |
02/02/2017 | Engrossed by House - committee substitute HB1768H1 |
02/03/2017 | Read third time and passed House BLOCK VOTE (95-Y 0-N) |
02/03/2017 | VOTE: BLOCK VOTE PASSAGE (95-Y 0-N) (see vote tally) |
02/06/2017 | Constitutional reading dispensed |
02/06/2017 | Referred to Committee on Finance |
02/15/2017 | Reported from Finance (16-Y 0-N) (see vote tally) |
02/16/2017 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/17/2017 | Read third time |
02/17/2017 | Passed Senate (40-Y 0-N) (see vote tally) |
02/21/2017 | Enrolled |
02/21/2017 | Signed by Speaker |
02/21/2017 | Signed by President |
02/21/2017 | Bill text as passed House and Senate (HB1768ER) |
02/21/2017 | Enrolled Bill communicated to Governor on 2/21/17 |
02/21/2017 | G Governor's Action Deadline Midnight, March 27, 2017 |
02/22/2017 | Impact statement from VRS (HB1768ER) |
03/20/2017 | G Approved by Governor-Chapter 639 (effective 7/1/17) |
03/20/2017 | G Acts of Assembly Chapter text (CHAP0639) |