Virginia House Bill 1568 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 6 2023 - 25% progression, died in committee
Action: 2023-02-07 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Portability of service credit between Virginia Retirement System and certain political subdivisions of the Commonwealth; remove vesting requirement for transfers. Removes the requirement that any transferring member be vested with benefits in his current retirement system in order to purchase service credit in the retirement system applicable to such member's new covered position, where the transfer of such assets is (i) from the Virginia Retirement System (VRS) to a political subdivision of the Commonwealth that has a defined benefit plan that is not supplemental to VRS, (ii) from any such political subdivision's plan to VRS, or (iii) from one such political subdivision's plan to any other such political subdivision's plan.

VRS and certain political subdivisions; portability of service credit.

Del. Wendell Walker [R]

Date	Chamber	Action
2023-02-07	House	Left in Appropriations
2023-01-15	House	Assigned App. sub: Compensation and Retirement
2023-01-06	House	Referred to Committee on Appropriations
2023-01-06	House	Prefiled and ordered printed; offered 01/11/23 23100917D

Chapter	Article	Section	Citation Type	Statute Text
51	1	143.1	(n/a)	See Bill Text
51	1	801.1	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB1568
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1568+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1568F158+PDF