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2014 SESSION

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SB 422 Hybrid retirement program; local deferred compensation and cash match plans.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Hybrid retirement program; local deferred compensation and cash match plans. Allows political subdivisions the option of establishing and administering their own deferred compensation and cash match plans if they elect not to participate in those plans administered by the Board of Trustees of the Virginia Retirement System for the hybrid retirement program. The bill also states that state or local entities are not liable for loss.

FULL TEXT

• 01/07/14  Senate: Prefiled and ordered printed; offered 01/08/14 14103389D  pdf | impact statement
• 02/05/14  Senate: Committee substitute printed 14104769D-S1  pdf

HISTORY

• 01/07/14  Senate: Prefiled and ordered printed; offered 01/08/14 14103389D
• 01/07/14  Senate: Referred to Committee on Finance
• 02/05/14  Senate: Reported from Finance with substitute (15-Y 2-N)
• 02/05/14  Senate: Committee substitute printed 14104769D-S1
• 02/06/14  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/07/14  Senate: Read second time
• 02/07/14  Senate: Reading of substitute waived
• 02/07/14  Senate: Committee substitute agreed to 14104769D-S1
• 02/07/14  Senate: Engrossed by Senate - committee substitute SB422S1
• 02/10/14  Senate: Passed by for the day
• 02/11/14  Senate: Previous question, not ordered (18-Y 22-N)
• 02/11/14  Senate: Motion to recommit to committee agreed to (22-Y 18-N)
• 02/11/14  Senate: Recommitted to Finance
• 02/11/14  Senate: Pursuant to Senate Rule 20g
• 02/11/14  Senate: Continued to 2015 in Finance