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2002 SESSION

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HB 578 Retirement System; partial lump-sum payment option.

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

SUMMARY AS PASSED: (all summaries)

Virginia Retirement System; partial lump-sum payment option. Provides that lump-sum distributions of retirement benefits, elected by certain eligible retirees under VRS, shall be paid without regard to limitations on the annual benefit amount that can be received under VRS. The bill also provides that no member of VRS may make an election for a lump-sum distribution more than once in his lifetime.

FULL TEXT

• 01/09/02  House: Presented & ordered printed, prefiled 01/08/02 023021260  pdf | impact statement
• 03/09/02  House: Bill text as passed House and Senate (HB578ER)  pdf | impact statement
• 04/04/02  Governor: Acts of Assembly Chapter text (CHAP0404)  pdf

HISTORY

• 01/09/02  House: Presented & ordered printed, prefiled 01/08/02 023021260
• 01/09/02  House: Referred to Committee on Appropriations
• 02/01/02  House: Reported from Appropriations (25-Y 0-N)
• 02/05/02  House: Read first time
• 02/06/02  House: Read second time and engrossed
• 02/07/02  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
• 02/07/02  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/07/02  House: Communicated to Senate
• 02/08/02  Senate: Constitutional reading dispensed
• 02/08/02  Senate: Referred to Committee on Finance
• 02/26/02  Senate: Reported from Finance (14-Y 0-N)
• 02/27/02  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
• 02/27/02  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/28/02  Senate: Read third time
• 02/28/02  Senate: Passed Senate (40-Y 0-N)
• 02/28/02  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 03/09/02  House: Bill text as passed House and Senate (HB578ER)
• 03/18/02  House: Enrolled
• 03/18/02  Senate: Signed by President
• 03/19/02  House: Signed by Speaker
• 04/02/02  Governor: Approved by Governor-Chapter 404 (effective 7/1/02)
• 04/04/02  Governor: Acts of Assembly Chapter text (CHAP0404)