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2005 SESSION

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HB 1521 Retirement System; increases retirement allowance for state employees and law-enforcement officers.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; benefits. Increases monthly retirement benefits of certain future retirees by increasing the percentage of average final compensation multiplied by the amount of creditable service from 1.7 to 2.0 for years of service in excess of 25 years for most state employees, and from 2.0 to 2.3 for certain state law-enforcement officers.

FULL TEXT

• 11/16/04  House: Prefiled & ordered printed; offered 01/12/05 053154260  pdf | impact statement

HISTORY

• 11/16/04  House: Prefiled & ordered printed; offered 01/12/05 053154260
• 11/16/04  House: Referred to Committee on Appropriations
• 01/12/05  House: Assigned to App. sub-committee: Compensation & General ...
• 02/02/05  House: Tabled in Appropriations (12-Y 11-N)