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2020 SESSION

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HB 556 Judicial Retirement System; amount of retirement allowance.

Introduced by: Barry D. Knight | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Judicial Retirement System; amount of retirement allowance. Provides that the annual retirement allowance of a person who retires under the Judicial Retirement System shall not exceed 78 percent of the person's average final compensation, unless such person prior to becoming a judge performs five or more years of creditable service under another retirement plan administered by Virginia Retirement System. However, in no case shall such person's annual retirement allowance exceed 100 percent of his average final compensation.

FULL TEXT

• 01/06/20  House: Prefiled and ordered printed; offered 01/08/20 20104548D  pdf | impact statement

HISTORY

• 01/06/20  House: Prefiled and ordered printed; offered 01/08/20 20104548D
• 01/06/20  House: Referred to Committee on Appropriations
• 01/14/20  House: Assigned App. sub: Compensation & General Government
• 01/28/20  House: Subcommittee recommends laying on the table (6-Y 0-N)
• 02/11/20  House: Left in Appropriations