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Developed and maintained by the Division of Legislative Automated Systems.
1998 SESSION
HB 262 Retirement System; benefits provided.
Introduced by: Alan A. Diamonstein | all patrons ... notes | add to my profiles
SUMMARY:
Virginia Retirement System; benefits provided. Permits all state retirees who defer retirement to be eligible to receive the health care insurance credit upon retirement. Currently, state police officers and judges who defer retirement do not receive the credit. The bill also increases the monthly supplement paid under the State Police Officers Retirement System to retirees who have not attained age 65. The measure also provides that (i) VRS has responsibility and authority for the health premium credit program and can charge administrative expenses to the health premium credit fund; (ii) provisions to allow members to purchase up to three years of credit for military service at five percent of compensation after 25 years of service are extended to service rendered in a local or state retirement system of this or another state, or as a civilian employee of the United States; (iii) the Board may determine the manner in which beneficiary designations are maintained; and (iv) a retiree who returns to a covered position and later retires must retire under the option selected for the first retirement. The bill is a recommendation of the Virginia Retirement System.
FULL TEXT
- 01/15/98 House: Presented & ordered printed 982063854 pdf
- 02/16/98 House: Printed as engrossed 982063854-E pdf
- 03/27/98 House: Bill text as passed House and Senate (HB262ER) pdf
- 05/01/98 Governor: Acts of Assembly Chapter text (CHAP0676) pdf
AMENDMENTS
HISTORY
- 01/15/98 House: Presented & ordered printed 982063854
- 01/15/98 House: Referred to Committee on Appropriations
- 02/14/98 House: Reported from Appropriations with amds. (29-Y 0-N)
- 02/15/98 House: Read first time
- 02/16/98 House: Read second time
- 02/16/98 House: Committee amendments agreed to
- 02/16/98 House: Engrossed by House as amended
- 02/16/98 House: Constitutional reading dispensed (99-Y 0-N)
- 02/16/98 House: VOTE: CONSTITUTIONAL READING (99-Y 0-N)
- 02/16/98 House: Passed House (Block Vote) (100-Y 0-N)
- 02/16/98 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/16/98 House: Communicated to Senate
- 02/16/98 House: Printed as engrossed 982063854-E
- 02/17/98 Senate: Constitutional reading dispensed
- 02/17/98 Senate: Referred to Committee on Finance
- 03/05/98 Senate: Reported from Finance (17-Y 0-N)
- 03/06/98 Senate: Const. reading disp., passed by for the day (40-Y 0-N)
- 03/06/98 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 03/09/98 Senate: Read third time
- 03/09/98 Senate: Reading of amendment waived
- 03/09/98 Senate: Amendment by Sen. Chichester agreed to
- 03/09/98 Senate: Engrossed by Senate as amended
- 03/09/98 Senate: Passed Senate with amendment (40-Y 0-N)
- 03/09/98 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 03/10/98 House: Placed on Calendar
- 03/11/98 House: Passed by for the day
- 03/12/98 House: Senate amendment agreed to by House (95-Y 0-N)
- 03/12/98 House: VOTE: ADOPTION (95-Y 0-N)
- 03/27/98 House: Bill text as passed House and Senate (HB262ER)
- 03/31/98 House: Enrolled
- 03/31/98 Senate: Signed by President
- 04/02/98 House: Signed by Speaker
- 04/16/98 Governor: Approved by Governor-Chapter 676 (effective 7/1/98)
- 05/01/98 Governor: Acts of Assembly Chapter text (CHAP0676)