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2015 SESSION

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HB 877 Hybrid retirement program; local deferred compensation and cash match plans.

Introduced by: S. Chris Jones | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Hybrid retirement program; school division deferred compensation and cash match plans. Allows school divisions the option of establishing and administering their own deferred compensation and cash match plans if they elect not to participate in those plans administered by the Board of Trustees of the Virginia Retirement System for the hybrid retirement program. This choice would be made on an annual basis. The bill also states that state or local entities are not liable for loss. The bill has a delayed effective date of January 1, 2015.

FULL TEXT

• 01/08/14  House: Prefiled and ordered printed; offered 01/08/14 14103476D  pdf | impact statement
• 02/07/14  House: Committee substitute printed 14104882D-H1  pdf | impact statement

HISTORY

• 01/08/14  House: Prefiled and ordered printed; offered 01/08/14 14103476D
• 01/08/14  House: Referred to Committee on Appropriations
• 01/27/14  House: Assigned App. sub: Compensation and Retirement
• 02/06/14  House: Subcommittee recommends reporting with amendment(s) (6-Y 0-N)
• 02/07/14  House: Reported from Appropriations with substitute (21-Y 0-N)
• 02/07/14  House: Committee substitute printed 14104882D-H1
• 02/08/14  House: Read first time
• 02/10/14  House: Read second time
• 02/10/14  House: Committee substitute agreed to 14104882D-H1
• 02/10/14  House: Engrossed by House - committee substitute HB877H1
• 02/11/14  House: Read third time and passed House (97-Y 2-N)
• 02/11/14  House: VOTE: PASSAGE (97-Y 2-N)
• 02/12/14  Senate: Constitutional reading dispensed
• 02/12/14  Senate: Referred to Committee on Finance
• 02/26/14  Senate: Continued to 2015 in Finance (13-Y 4-N)
• 12/04/14  Senate: Left in Finance