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2002 SESSION

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HJ 49 Study; Retirement System.

Introduced by: Lacey E. Putney (by request) | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Virginia Retirement System. Creates the Joint Subcommittee Studying the Virginia Retirement System. The joint subcommittee shall examine, in addition to such other issues it deems advisable, (i) the present benefit structure of the Virginia Retirement System; (ii) whether the benefits provided are competitive with other public and private sector entities; and (iii) whether members are prepared for retirement by ensuring that there is a basic understanding of benefits by members for retirement financial planning purposes.

SUMMARY AS INTRODUCED:

Study; Virginia Retirement System. Creates the Joint Subcommittee Studying the Virginia Retirement System to review and evaluate the present benefit structure of the Virginia Retirement System and make any recommendations for improvement thereto. The joint subcommittee must submit its written findings and recommendations to the Governor and the 2004 Session of the General Assembly.