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2010 SESSION

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HB 511 Retirement System; modifies retirement plans.

Introduced by: Robert H. Brink | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; retirement plans.  Modifies the retirement plans administered by the Virginia Retirement System, including (i) having state employees pay a portion of their retirement contributions; (ii) for new state and local employees, increasing the minimum age for unreduced retirement allowance from 50 to 55, and reducing the maximum annual cost of living adjustments to retirement allowances; and (iii) permitting local employers to pay any portion of employees' share of retirement contributions (under current law local employers must pay all or none of such contributions).

FULL TEXT

• 01/12/10  House: Prefiled and ordered printed; offered 01/13/10 10103834D  pdf | impact statement

HISTORY

• 01/12/10  House: Prefiled and ordered printed; offered 01/13/10 10103834D
• 01/12/10  House: Referred to Committee on Appropriations
• 01/19/10  House: Assigned App. sub: Compensation and Retirement
• 02/11/10  House: Subcommittee recommends no action by voice vote
• 02/16/10  House: Left in Appropriations