Virginia Retirement System; health insurance credits for retired state employees. (SB1057)

Introduced By

Sen. Frank Ruff (R-Clarksville)

Progress

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

Description

Virginia Retirement System; health insurance credits for retired state employees, constitutional officers, and other employees. Increases annually the amount of the health insurance credit for retirees who rendered at least 30 years of creditable service in the Virginia Retirement System. The bill increases the credit by the same percentage as any annual post-retirement supplement that is calculated for employees hired on or after July 1, 2010. The bill also increases the health insurance credit for constitutional officers and other employees who rendered at least 15 years of creditable service. The monthly credit for such employees would be the greater of $120 or $4 per year of service. Under current law, the credit for such employees is limited to $45 per month. The provisions of the bill are contingent on funding in a general appropriation act. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/17/2020Presented and ordered printed 20105704D
01/17/2020Referred to Committee on Finance and Appropriations
01/22/2020Impact statement from VRS (SB1057)
01/30/2020Reported from Finance and Appropriations with substitute (13-Y 0-N) (see vote tally)
01/30/2020Committee substitute printed 20107231D-S1
02/03/2020Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/04/2020Read second time
02/04/2020Reading of substitute waived
02/04/2020Committee substitute agreed to 20107231D-S1
02/04/2020Engrossed by Senate - committee substitute SB1057S1
02/05/2020Impact statement from VRS (SB1057S1)
02/05/2020Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/06/2020Impact statement from VRS (SB1057S1)
02/13/2020Placed on Calendar
02/13/2020Read first time
02/13/2020Referred to Committee on Appropriations
03/03/2020Left in Appropriations