Virginia Retirement System; increased retirement allowance for certain judges. (SB382)

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 1 percent to 1.7 percent. The increase would apply only to judges appointed on or after July 1, 2022, who are participants in the hybrid retirement program, and who are at least age 55 at the time of appointment. Read the Bill »

Status

01/11/2022: Awaiting a Vote in the Finance and Appropriations Committee

History

DateAction
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101368D
01/11/2022Referred to Committee on Finance and Appropriations
01/24/2022Impact statement from VRS (SB382)
02/01/2022Continued to 2023 in Finance and Appropriations (16-Y 0-N) (see vote tally)

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