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2017 SESSION
HB 1768 Virginia Retirement System; stress testing and reporting policies.
Introduced by: T. Scott Garrett | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Virginia Retirement System; stress testing and reporting policies. Requires the Virginia Retirement System (VRS) to formally adopt stress testing and additional reporting policies. The bill requires VRS to analyze and regularly report on projections of benefit levels, pension costs, liabilities, and debt reduction under various scenarios; to provide a detailed online statement of investment policy and include investment performance data in certain timeframes up to 25 years; and to report investment performance and expenses such as carried interest fees.
FULL TEXT
- 01/09/17 House: Prefiled and ordered printed; offered 01/11/17 17103354D pdf | impact statement
- 01/30/17 House: Committee substitute printed 17104819D-H1 pdf | impact statement
- 02/21/17 House: Bill text as passed House and Senate (HB1768ER) pdf | impact statement
- 03/20/17 Governor: Acts of Assembly Chapter text (CHAP0639) pdf
HISTORY
- 01/09/17 House: Prefiled and ordered printed; offered 01/11/17 17103354D
- 01/09/17 House: Referred to Committee on Appropriations
- 01/12/17 House: Assigned App. sub: Compensation and Retirement
- 01/26/17 House: Subcommittee recommends reporting with substitute (7-Y 0-N)
- 01/30/17 House: Reported from Appropriations with substitute (22-Y 0-N)
- 01/30/17 House: Committee substitute printed 17104819D-H1
- 02/01/17 House: Read first time
- 02/02/17 House: Read second time
- 02/02/17 House: Committee substitute agreed to 17104819D-H1
- 02/02/17 House: Engrossed by House - committee substitute HB1768H1
- 02/03/17 House: Read third time and passed House BLOCK VOTE (95-Y 0-N)
- 02/03/17 House: VOTE: BLOCK VOTE PASSAGE (95-Y 0-N)
- 02/06/17 Senate: Constitutional reading dispensed
- 02/06/17 Senate: Referred to Committee on Finance
- 02/15/17 Senate: Reported from Finance (16-Y 0-N)
- 02/16/17 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/17/17 Senate: Read third time
- 02/17/17 Senate: Passed Senate (40-Y 0-N)
- 02/21/17 House: Enrolled
- 02/21/17 House: Signed by Speaker
- 02/21/17 Senate: Signed by President
- 02/21/17 House: Bill text as passed House and Senate (HB1768ER)
- 02/21/17 House: Enrolled Bill communicated to Governor on 2/21/17
- 02/21/17 Governor: Governor's Action Deadline Midnight, March 27, 2017
- 03/20/17 Governor: Approved by Governor-Chapter 639 (effective 7/1/17)
- 03/20/17 Governor: Acts of Assembly Chapter text (CHAP0639)