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2014 SESSION
SB 385 Virginia Retirement System and local government retirement systems; investments.
Introduced by: Bryce E. Reeves | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Retirement System and local government retirement systems; investments. Authorizes the Virginia Retirement System and any local government retirement system to purchase investment grade life insurance policies and annuity policies on their members or retirees, provided that (i) the applicable retirement system offers a monetary benefit to a beneficiary selected by the member or retiree and (ii) the member or retiree consents to such retirement system having an insurable interest in him.
FULL TEXT
HISTORY
- 01/07/14 Senate: Prefiled and ordered printed; offered 01/08/14 14102516D
- 01/07/14 Senate: Referred to Committee on Finance
- 02/04/14 Senate: Stricken at request of Patron in Finance (11-Y 0-N)