Virginia Retirement System; benefits for certain local law-enforcement employees. (SB507)

Introduced By

Progress

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

Description

Virginia Retirement System; benefits for certain local law-enforcement employees. Requires localities to use the 1.85 percent multiplier for determining the annual retirement allowance for local law-enforcement officers receiving benefits similar to those provided to State Police officers. Currently, localities may elect to provide a 1.7 percent multiplier in lieu of the 1.85 percent multiplier. Read the Bill »

Status

01/12/2022: Awaiting a Vote in the Finance and Appropriations Committee

History

Date	Action
01/12/2022	Prefiled and ordered printed; offered 01/12/22 22101824D
01/12/2022	Referred to Committee on Finance and Appropriations