VA HB70 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 2 2024 - 100% progression
Action: 2024-04-02 - Governor: Acts of Assembly Chapter text (CHAP0267)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 2 2024 - 100% progression
Action: 2024-04-02 - Governor: Acts of Assembly Chapter text (CHAP0267)
Text: Latest bill text (Chaptered) [HTML]
Summary
Virginia Retirement System; plan credits and accounts. Allows members of the Virginia Retirement System to purchase service credit for prior full-time active duty military service of at least 180 consecutive days in any federally established branch of the armed services. Under current law, such purchases are restricted to prior full-time active duty military service of at least 180 consecutive days in the United States Army, Navy, Air Force, Marines, or Coast Guard. Virginia Retirement System; plan credits and accounts. Allows members of the Virginia Retirement System to purchase service credit for prior full-time active duty military service of at least 180 consecutive days in any federally established branch of the armed services. Under current law, such purchases are restricted to prior full-time active duty military service of at least 180 consecutive days in the United States Army, Navy, Air Force, Marines, or Coast Guard. The bill also provides that any funds or other property held in a Virginia Retirement System defined contribution plan, deferred compensation plan, or cash match plan remaining unclaimed for more than five years shall be presumed abandoned under the Virginia Disposition of Unclaimed Property Act and may escheat to the state treasury. Under current law, the Act does not apply to any Virginia Retirement System defined benefit plan funds or other property.
Title
Virginia Retirement System; plan credits and accounts.
Sponsors
Roll Calls
2024-02-20 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-19 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 0 Abs: 2) [PASS]
2024-02-15 - Senate - Senate: Reported from Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-30 - House - House: VOTE: Block Vote Passage (100-Y 0-N) (Y: 100 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-24 - House - House: Reported from Appropriations (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-22 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-19 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 0 Abs: 2) [PASS]
2024-02-15 - Senate - Senate: Reported from Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-30 - House - House: VOTE: Block Vote Passage (100-Y 0-N) (Y: 100 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-24 - House - House: Reported from Appropriations (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-22 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-02 | Governor: Acts of Assembly Chapter text (CHAP0267) | |
| 2024-04-02 | Governor: Approved by Governor-Chapter 267 (effective 7/1/24) | |
| 2024-03-11 | Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024 | |
| 2024-03-11 | House | Enrolled Bill communicated to Governor on March 11, 2024 |
| 2024-02-28 | Senate | Signed by President |
| 2024-02-26 | House | Signed by Speaker |
| 2024-02-26 | House | Bill text as passed House and Senate (HB70ER) |
| 2024-02-26 | House | Enrolled |
| 2024-02-20 | Senate | Passed Senate (40-Y 0-N) |
| 2024-02-20 | Senate | Read third time |
| 2024-02-19 | Senate | Constitutional reading dispensed (38-Y 0-N) |
| 2024-02-15 | Senate | Reported from Finance and Appropriations (15-Y 0-N) |
| 2024-01-31 | Senate | Referred to Committee on Finance and Appropriations |
| 2024-01-31 | Senate | Constitutional reading dispensed |
| 2024-01-30 | House | VOTE: Block Vote Passage (100-Y 0-N) |
| 2024-01-30 | House | Read third time and passed House BLOCK VOTE (100-Y 0-N) |
| 2024-01-29 | House | Read second time and engrossed |
| 2024-01-26 | House | Read first time |
| 2024-01-24 | House | Reported from Appropriations (22-Y 0-N) |
| 2024-01-22 | House | Subcommittee recommends reporting (8-Y 0-N) |
| 2024-01-17 | House | Assigned App. sub: Compensation and Retirement |
| 2023-12-22 | House | Referred to Committee on Appropriations |
| 2023-12-22 | House | Prefiled and ordered printed; offered 01/10/24 24100811D |
Same As/Similar To
SB458 (Similar To) 2024-04-02 - Governor: Acts of Assembly Chapter text (CHAP0353)
