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2008 SESSION

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HB 960 Retirement System; optional increase for local employees.

Introduced by: Stephen C. Shannon | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; optional increase for political subdivisions.  Permits any locality that participates in the Virginia Retirement System to increase the retirement allowance for its employees from 1.70 percent of their average final compensation multiplied by the amount of their creditable service to 1.85 percent of their average final compensation multiplied by the amount of their creditable service. 

FULL TEXT

• 01/08/08  House: Prefiled and ordered printed; offered 01/09/08 086239724  pdf | impact statement

HISTORY

• 01/08/08  House: Prefiled and ordered printed; offered 01/09/08 086239724
• 01/08/08  House: Referred to Committee on Appropriations
• 01/15/08  House: Assigned App. sub: Compensation and Retirement (Jones, S.C.)
• 02/12/08  House: Left in Appropriations