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2001 SESSION

• | print version

HB 1748 Retirement System; benefit restoration plans.

Introduced by: Joe T. May | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia Retirement System; benefit restoration plans. Requires the Board of Directors of VRS to establish and administer a benefit restoration plan for VRS members, including members of local governments that participate in VRS. The plan will provide pension benefits to members whose annual benefits would otherwise be limited by § 415 (b) of the Internal Revenue Code. Benefit restoration plans are to be funded from the pension contributions that are required under current law. The bill also allows local governments not participating in VRS to establish benefit restoration plans. This bill is identical to SB 856.

FULL TEXT

• 01/10/01  House: Presented & ordered printed, prefiled 12/20/00 015881260  pdf | impact statement
• 02/16/01  House: Bill text as passed House and Senate (HB1748ER)  pdf | impact statement
• 03/27/01  Governor: Acts of Assembly Chapter text (CHAP0692)  pdf

HISTORY

• 01/10/01  House: Presented & ordered printed, prefiled 12/20/00 015881260
• 01/10/01  House: Referred to Committee on Appropriations
• 01/22/01  House: Reported from Appropriations (28-Y 0-N)
• 01/25/01  House: Read first time
• 01/26/01  House: Read second time and engrossed
• 01/29/01  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
• 01/29/01  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 01/29/01  House: Communicated to Senate
• 01/30/01  Senate: Constitutional reading dispensed
• 01/30/01  Senate: Referred to Committee on Finance
• 02/06/01  Senate: Reported from Finance (16-Y 0-N)
• 02/07/01  Senate: Const. reading disp., passed by for the day (40-Y 0-N)
• 02/07/01  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 02/08/01  Senate: Read third time
• 02/08/01  Senate: Passed Senate (40-Y 0-N)
• 02/08/01  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/16/01  House: Enrolled
• 02/16/01  House: Signed by Speaker
• 02/16/01  House: Bill text as passed House and Senate (HB1748ER)
• 02/19/01  Senate: Signed by President
• 03/26/01  Governor: Approved by Governor-Chapter 692 (effective 7/1/01)
• 03/27/01  Governor: Acts of Assembly Chapter text (CHAP0692)