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1996 SESSION

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HB 774 Retirement System; portability of service credit.

Introduced by: George H. Heilig, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Retirement System; portability of service credit. Upon the conditions specified in the bill and agreement between the affected parties, provides for portability of service credit between (i) VRS and political subdivisions of the Commonwealth that have their own defined benefit plans and (ii) between political subdivisions of the Commonwealth that have their own defined benefit plans and VRS or another political subdivision of the Commonwealth that has its own defined benefit plan. This bill would permit nine localities with defined benefit plans that do not participate in VRS to enter into such agreements with VRS and each other: the Counties of Arlington and Fairfax and the Cities of Charlottesville, Danville, Falls Church, Newport News, Norfolk, Richmond, and Roanoke. The bill does not affect localities which do not participate in VRS that have defined contribution plans: the County of Powhatan and the Town of Farmville.

FULL TEXT

• 01/22/96  House: Presented & ordered printed 964133854  pdf
• 03/04/96  House: Reenrolled bill text (HB774ER)  pdf
• 04/30/96  Governor: Acts of Assembly Chapter text (CHAP0990)  pdf

AMENDMENTS

• Governor's recommendation

HISTORY

• 01/22/96  House: Presented & ordered printed 964133854
• 01/22/96  House: Referred to Committee on Appropriations
• 01/31/96  House: Reported from Appropriations (18-Y 0-N)
• 02/01/96  House: Read first time
• 02/02/96  House: Read second time and engrossed
• 02/05/96  House: Read third time and passed House (Block Vote) (100-Y 0-N)
• 02/05/96  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/05/96  House: Communicated to Senate
• 02/06/96  Senate: Read first time
• 02/06/96  Senate: Referred to Committee on Finance
• 02/20/96  Senate: Reported from Finance (15-Y 0-N)
• 02/21/96  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/21/96  Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
• 02/22/96  Senate: Read third time
• 02/22/96  Senate: Passed Senate (37-Y 1-N 1-A)
• 02/22/96  Senate: VOTE: PASSAGE (37-Y 1-N 1-A)
• 02/22/96  Senate: Rec. of passage agreed to by Senate (39-Y 0-N)
• 02/22/96  Senate: VOTE: RECONSIDER (39-Y 0-N)
• 02/22/96  Senate: Passed Senate (36-Y 0-N 3-A)
• 02/22/96  Senate: VOTE: PASSAGE (36-Y 0-N 3-A)
• 02/22/96  Senate: Unanimous consent to rec. passage agrd to (39-Y 0-N)
• 02/22/96  Senate: VOTE: RECONSIDER (39-Y 0-N)
• 02/22/96  Senate: Passed Senate (37-Y 0-N 3-A)
• 02/22/96  Senate: VOTE: PASSAGE (37-Y 0-N 3-A)
• 03/04/96  House: Reenrolled bill text (HB774ER)
• 03/08/96  House: Enrolled
• 03/09/96  House: Signed by Speaker
• 03/10/96  Senate: Signed by President
• 04/10/96  House: Governor's recommendation received by House
• 04/17/96  House: House concurred in Gov's recommendation (98-Y 0-N)
• 04/17/96  House: VOTE: ADOPTION (98-Y 0-N)
• 04/17/96  Senate: Senate concurred in Gov's recommendation (39-Y 0-N)
• 04/17/96  Senate: VOTE: AGREE TO GOV'S RECOMM. (39-Y 0-N)
• 04/17/96  Governor: Governor's recommendation adopted
• 04/17/96  House: Reenrolled
• 04/17/96  House: Signed by Speaker as reenrolled
• 04/17/96  Senate: Signed by President as reenrolled
• 04/17/96  House: Enacted, Chapter 990 (effective 7/1/96)
• 04/30/96  Governor: Acts of Assembly Chapter text (CHAP0990)