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2005 SESSION

• | print version

SB 785 Retirement System; default payment option.

Introduced by: Walter A. Stosch | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia Retirement System; default payment option for retirement allowances. Provides that the retirement allowance shall be paid as a single life annuity in cases where the member, following reasonable notification, has not selected a payment option for his retirement allowance by the mandatory beginning date for payment of the allowance. A spousal acknowledgement of the payment option and the basic benefit shall not be required in these situations.

FULL TEXT

• 01/07/05  Senate: Prefiled & ordered printed; offered 01/12/05 052875164  pdf | impact statement
• 03/07/05  Senate: Bill text as passed Senate and House (SB785ER)  pdf | impact statement
• 04/04/05  Governor: Acts of Assembly Chapter text (CHAP0728)  pdf

HISTORY

• 01/07/05  Senate: Prefiled & ordered printed; offered 01/12/05 052875164
• 01/07/05  Senate: Referred to Committee on Finance
• 01/18/05  Senate: Reported from Finance (14-Y 0-N)
• 01/19/05  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/19/05  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 01/20/05  Senate: Read second time and engrossed
• 01/21/05  Senate: Read third time and passed Senate (39-Y 0-N)
• 01/21/05  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 01/21/05  Senate: Communicated to House
• 02/07/05  House: Placed on Calendar
• 02/07/05  House: Read first time
• 02/07/05  House: Referred to Committee on Appropriations
• 02/09/05  House: Assigned to App. sub-committee: Compensation & General ...
• 02/16/05  House: Reported from Appropriations (24-Y 0-N)
• 02/18/05  House: Read second time
• 02/21/05  House: Read third time
• 02/21/05  House: Passed House BLOCK VOTE (98-Y 0-N)
• 02/21/05  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 03/07/05  Senate: Bill text as passed Senate and House (SB785ER)
• 03/09/05  Senate: Enrolled
• 03/09/05  House: Signed by Speaker
• 03/11/05  Senate: Signed by President
• 03/26/05  Governor: Approved by Governor-Chapter 728 (effective 7/1/05)
• 04/04/05  Governor: Acts of Assembly Chapter text (CHAP0728)