Judicial Retirement System; amount of retirement allowance. (HB556)

Introduced By

Del. Barry Knight (R-Virginia Beach)

Progress

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

Description

Judicial Retirement System; amount of retirement allowance. Provides that the annual retirement allowance of a person who retires under the Judicial Retirement System shall not exceed 78 percent of the person's average final compensation, unless such person prior to becoming a judge performs five or more years of creditable service under another retirement plan administered by VRS. However, in no case shall such person's annual retirement allowance exceed 100 percent of his average final compensation. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/06/2020Committee
01/06/2020Prefiled and ordered printed; offered 01/08/20 20104548D
01/06/2020Referred to Committee on Appropriations
01/12/2020Impact statement from VRS (HB556)
01/14/2020Assigned App. sub: Compensation & General Government
01/28/2020Subcommittee recommends laying on the table (6-Y 0-N)
02/11/2020Left in Appropriations

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