Virginia Retirement System; increased retirement allowance for certain judges. (SB606)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)

Progress

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

Description

Virginia Retirement System; increased retirement allowance for certain judges. Increases, for the purposes of determining benefits provided under the Judicial Retirement System, the retirement multiplier from one percent to 1.70 percent. The increase would apply only to judges appointed on or after July 1, 2020, who are participants in the hybrid retirement program and who are at least age 55 at the time of appointment. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/07/2020Prefiled and ordered printed; offered 01/08/20 20102250D
01/07/2020Referred to Committee on Finance and Appropriations
01/12/2020Impact statement from VRS (SB606)
01/28/2020Continued to 2021 in Finance and Appropriations (15-Y 1-N) (see vote tally)
12/04/2020Left in Finance and Appropriations

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