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2010 SESSION

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HB 562 Retirement System; retirement supplement.

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

SUMMARY AS INTRODUCED:

Virginia Retirement System; retirement supplement ("COLA").  Clarifies that the allowance supplement that is indexed to inflation will not reduce the allowance when there is deflation, and corrects how COLA adjustments should be calculated following a period of deflation. The bill also makes some technical changes.

FULL TEXT

• 01/12/10  House: Prefiled and ordered printed; offered 01/13/10 10103905D  pdf | impact statement
• 03/11/10  House: Bill text as passed House and Senate (HB562ER)  pdf | impact statement
• 04/13/10  Governor: Acts of Assembly Chapter text (CHAP0752)  pdf

HISTORY

• 01/12/10  House: Prefiled and ordered printed; offered 01/13/10 10103905D
• 01/12/10  House: Referred to Committee on Appropriations
• 01/19/10  House: Assigned App. sub: Compensation and Retirement
• 01/28/10  House: Subcommittee recommends reporting (7-Y 0-N)
• 02/01/10  House: Reported from Appropriations (21-Y 0-N)
• 02/03/10  House: Read first time
• 02/04/10  House: Read second time and engrossed
• 02/08/10  House: Read third time and passed House BLOCK VOTE (97-Y 0-N)
• 02/08/10  House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
• 02/09/10  Senate: Constitutional reading dispensed
• 02/09/10  Senate: Referred to Committee on Finance
• 03/02/10  Senate: Reported from Finance (15-Y 0-N)
• 03/03/10  Senate: Constitutional reading dispensed (40-Y 0-N)
• 03/04/10  Senate: Read third time
• 03/04/10  Senate: Passed Senate (40-Y 0-N)
• 03/11/10  House: Enrolled
• 03/11/10  House: Bill text as passed House and Senate (HB562ER)
• 03/11/10  House: Signed by Speaker
• 03/13/10  Senate: Signed by President
• 04/13/10  Governor: Approved by Governor-Chapter 752 (effective 7/1/10)
• 04/13/10  Governor: Acts of Assembly Chapter text (CHAP0752)