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2000 SESSION
SB 57 Retirement System; member contributions.
Introduced by: Malfourd W. Trumbo | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Retirement System; member contributions. Requires that the member's contribution to the Virginia Retirement System (five percent of creditable compensation) for local and state employees be paid by the member's employer. Under current law, such contribution by the employer is permissive. The Commonwealth and most localities currently pay the contribution on behalf of employees.
FULL TEXT
HISTORY
- 01/12/00 Senate: Presented & ordered printed 008675548
- 01/12/00 Senate: Referred to Committee on Finance
- 02/01/00 Senate: Continued to 2001 in Finance (16-Y 0-N)