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2005 SESSION

• | print version

SB 786 Retirement System; liability of Board of Trustees.

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

SUMMARY AS PASSED: (all summaries)

Virginia Retirement System; liability of Board of Trustees. Provides that, in the case of an automatic rollover of a mandatory cash-out pursuant to § 401 of the Internal Revenue Code, the Board of Trustees shall not be liable for any loss resulting from the Board's selection of an individual retirement plan provider and investment product where the selection is made in accordance with guidelines to be adopted by the Board that are similar to the safe harbor guidelines adopted by the United States Department of Labor for such purpose.

FULL TEXT

• 01/07/05  Senate: Prefiled & ordered printed; offered 01/12/05 052876164  pdf | impact statement
• 03/07/05  Senate: Bill text as passed Senate and House (SB786ER)  pdf | impact statement
• 04/04/05  Governor: Acts of Assembly Chapter text (CHAP0729)  pdf

HISTORY

• 01/07/05  Senate: Prefiled & ordered printed; offered 01/12/05 052876164
• 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 (SB786ER)
• 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 729 (effective 7/1/05)
• 04/04/05  Governor: Acts of Assembly Chapter text (CHAP0729)