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2020 SESSION
SB 1057 Virginia Retirement System; health insurance credits for retired state employees, effective clause.
Introduced by: Frank M. Ruff, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Virginia Retirement System; health insurance credits for retired state employees, constitutional officers, and other employees. Increases annually the amount of the health insurance credit for retirees who rendered at least 30 years of creditable service in the Virginia Retirement System. The bill increases the credit by the same percentage as any annual post-retirement supplement that is calculated for employees hired on or after July 1, 2010.
The bill also increases the health insurance credit for constitutional officers and other employees who rendered at least 15 years of creditable service. The monthly credit for such employees would be the greater of $120 or $4 per year of service. Under current law, the credit for such employees is limited to $45 per month. The provisions of the bill are contingent on funding in a general appropriation act.
FULL TEXT
- 01/17/20 Senate: Presented and ordered printed 20105704D pdf | impact statement
- 01/30/20 Senate: Committee substitute printed 20107231D-S1 pdf | impact statement
HISTORY
- 01/17/20 Senate: Presented and ordered printed 20105704D
- 01/17/20 Senate: Referred to Committee on Finance and Appropriations
- 01/30/20 Senate: Reported from Finance and Appropriations with substitute (13-Y 0-N)
- 01/30/20 Senate: Committee substitute printed 20107231D-S1
- 02/03/20 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/04/20 Senate: Read second time
- 02/04/20 Senate: Reading of substitute waived
- 02/04/20 Senate: Committee substitute agreed to 20107231D-S1
- 02/04/20 Senate: Engrossed by Senate - committee substitute SB1057S1
- 02/05/20 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/13/20 House: Placed on Calendar
- 02/13/20 House: Read first time
- 02/13/20 House: Referred to Committee on Appropriations
- 03/03/20 House: Left in Appropriations