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2019 SESSION

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HB 2171 Virginia Retirement System; erroneous benefits estimate, adjustment for certain members.

Introduced by: Emily M. Brewer | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; erroneous benefits estimate; adjustment for certain members. Provides that certain members of the Virginia Retirement System who retire early, if such members relied on an erroneously high estimate of benefits in their decision to retire, shall receive payments at the estimated amount. The bill provides that the benefits adjustment would apply to any member who received an erroneous estimate on or after January 1, 2017; however, the adjustment would apply only to payments made on and after July 1, 2019.

FULL TEXT

• 01/08/19  House: Prefiled and ordered printed; offered 01/09/19 19102947D  pdf | impact statement

AMENDMENTS

• House subcommittee amendments and substitutes offered

HISTORY

• 01/08/19  House: Prefiled and ordered printed; offered 01/09/19 19102947D
• 01/08/19  House: Referred to Committee on Appropriations
• 01/11/19  House: Assigned App. sub: Compensation & Retirement
• 01/24/19  House: Subcommittee recommends laying on the table (7-Y 0-N)
• 02/05/19  House: Left in Appropriations