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2006 SESSION

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HB 89 Retirement System; increases benefits of certain future retirees.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; benefits.  Increases monthly retirement benefits of certain future retirees by increasing the percentage of average final compensation multiplied by the amount of creditable service from 1.7 to 2.0 for years of service in excess of 25 years for most state employees, and from 2.0 to 2.3 for certain state law-enforcement officers.

FULL TEXT

• 12/16/05  House: Prefiled and ordered printed; offered 01/11/06 065136260  pdf | impact statement

HISTORY

• 12/16/05  House: Prefiled and ordered printed; offered 01/11/06 065136260
• 12/16/05  House: Referred to Committee on Appropriations
• 01/27/06  House: Assigned App. sub: Compensation and Retirement (Putney)
• 02/15/06  House: Left in Appropriations