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2009 SESSION

• | print version

SB 619 Retirement System; average final compensation retirement multiplier.

Introduced by: Kenneth W. Stolle | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; average final compensation retirement multiplier.  Allows members of the Virginia Retirement System to make member contributions for purposes of increasing the average final compensation retirement multiplier from 1.7 percent to 1.85 percent. Members would be required to pay the actuarial equivalent cost for such increase. All such contributions would be treated as additional employee contributions.

FULL TEXT

• 01/09/08  Senate: Prefiled and ordered printed; offered 01/09/08 080578328  pdf | impact statement

HISTORY

• 01/09/08  Senate: Prefiled and ordered printed; offered 01/09/08 080578328
• 01/09/08  Senate: Referred to Committee on Finance
• 01/29/08  Senate: Continued to 2009 in Finance (16-Y 0-N)
• 12/05/08  Senate: Left in Finance