SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2015 SESSION
SB 687 Virginia Retirement System; limitations on average final compensation.
Introduced by: David W. Marsden | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Retirement System; average final compensation. Provides that if an employee receives increases in compensation related to a promotion or new position in the last four years of service that exceed 400 percent of the employee's average annual compensation during the preceding three years, then the employee's service retirement allowance shall be based upon average annual compensation during the employee's final 10 years of service. The provision would not apply to an employee who returns to service after at least a one year gap in service, who receives a judicial appointment, or who is elected Governor or Attorney General.
FULL TEXT
HISTORY
- 11/03/14 Senate: Prefiled and ordered printed; offered 01/14/15 15100156D
- 11/03/14 Senate: Referred to Committee on Finance
- 01/28/15 Senate: Passed by indefinitely in Finance (14-Y 0-N)