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2004 SESSION

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SB 540 Retirement System; amending defined contribution plan.

Introduced by: Walter A. Stosch | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; defined contribution plan. Permits an employee who moves from a position covered under the Virginia Retirement System's ("VRS") defined contribution plan to a position covered under a different VRS retirement program to use his own funds to purchase service time in the new program if the amount in his defined contribution plan account is insufficient to pay the actuarial cost of the total time worked in the prior position.

FULL TEXT

• 01/14/04  Senate: Presented & ordered printed, prefiled 01/14/04 044435164  pdf | impact statement
• 03/22/04  Senate: Bill text as passed Senate and House (SB540ER)  pdf | impact statement
• 04/12/04  Governor: Acts of Assembly Chapter text (CHAP0206)  pdf

HISTORY

• 01/14/04  Senate: Presented & ordered printed, prefiled 01/14/04 044435164
• 01/14/04  Senate: Referred to Committee on Finance
• 01/28/04  Senate: Reported from Finance (15-Y 0-N)
• 01/29/04  Senate: Constitutional reading dispensed (39-Y 0-N)
• 01/29/04  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 01/30/04  Senate: Read second time and engrossed
• 02/02/04  Senate: Read third time and passed Senate (40-Y 0-N)
• 02/02/04  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/02/04  Senate: Communicated to House
• 02/03/04  House: Placed on Calendar
• 02/03/04  House: Read first time
• 02/03/04  House: Referred to Committee on Appropriations
• 02/05/04  House: Assigned to App. sub-committee: 10
• 03/01/04  House: Reported from Appropriations (25-Y 0-N)
• 03/03/04  House: Read second time
• 03/04/04  House: Read third time
• 03/04/04  House: Passed House BLOCK VOTE (100-Y 0-N)
• 03/04/04  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 03/22/04  Senate: Bill text as passed Senate and House (SB540ER)
• 03/22/04  Senate: Enrolled
• 03/24/04  Senate: Signed by President
• 03/24/04  House: Signed by Speaker
• 03/29/04  Governor: Approved by Governor-Chapter 206 (effective 7/1/04)
• 04/12/04  Governor: Acts of Assembly Chapter text (CHAP0206)