Virginia Retirement System; erroneous benefits estimate, adjustment for certain members. (HB2171)

Introduced By

Del. Emily Brewer (R-Suffolk)

Progress

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

Description

Virginia Retirement System; erroneous benefits estimate; adjustment for certain members. Provides that certain members of the Virginia Retirement System who retire early, if such members relied on an erroneously high estimate of benefits in their decision to retire, shall receive payments at the estimated amount. The bill provides that the benefits adjustment would apply to any member who received an erroneous estimate on or after January 1, 2017; however, the adjustment would apply only to payments made on and after July 1, 2019. Amends § 51.1-124.9, of the Code of Virginia. Read the Bill »

Status

01/11/2019: Awaiting a Vote in the Appropriations Committee

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19102947D
01/08/2019Referred to Committee on Appropriations
01/11/2019Assigned App. sub: Compensation & Retirement
01/18/2019Impact statement from VRS (HB2171)

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