VA HB1768 | 2017 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 20 2017 - 100% progression
Action: 2017-03-20 - Governor: Acts of Assembly Chapter text (CHAP0639)
Text: Latest bill text (Chaptered) [HTML]

Summary

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.

Tracking Information

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Title

Virginia Retirement System; stress testing and reporting policies.

Sponsors


Roll Calls

2017-02-17 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2017-02-16 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2017-02-15 - Senate - Senate: Reported from Finance (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2017-02-03 - House - House: VOTE: BLOCK VOTE PASSAGE (95-Y 0-N) (Y: 95 N: 0 NV: 4 Abs: 0) [PASS]
2017-01-30 - House - House: Reported from Appropriations with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2017-01-26 - House - House: Subcommittee recommends reporting with substitute (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2017-03-20 Governor: Acts of Assembly Chapter text (CHAP0639)
2017-03-20 Governor: Approved by Governor-Chapter 639 (effective 7/1/17)
2017-02-21 Governor: Governor's Action Deadline Midnight, March 27, 2017
2017-02-21HouseEnrolled Bill communicated to Governor on 2/21/17
2017-02-21HouseBill text as passed House and Senate (HB1768ER)
2017-02-21SenateSigned by President
2017-02-21HouseSigned by Speaker
2017-02-21HouseEnrolled
2017-02-17SenatePassed Senate (40-Y 0-N)
2017-02-17SenateRead third time
2017-02-16SenateConstitutional reading dispensed (39-Y 0-N)
2017-02-15SenateReported from Finance (16-Y 0-N)
2017-02-06SenateReferred to Committee on Finance
2017-02-06SenateConstitutional reading dispensed
2017-02-03HouseVOTE: BLOCK VOTE PASSAGE (95-Y 0-N)
2017-02-03HouseRead third time and passed House BLOCK VOTE (95-Y 0-N)
2017-02-02HouseEngrossed by House - committee substitute HB1768H1
2017-02-02HouseCommittee substitute agreed to 17104819D-H1
2017-02-02HouseRead second time
2017-02-01HouseRead first time
2017-01-30HouseCommittee substitute printed 17104819D-H1
2017-01-30HouseReported from Appropriations with substitute (22-Y 0-N)
2017-01-26HouseSubcommittee recommends reporting with substitute (7-Y 0-N)
2017-01-12HouseAssigned App. sub: Compensation and Retirement
2017-01-09HouseReferred to Committee on Appropriations
2017-01-09HousePrefiled and ordered printed; offered 01/11/17 17103354D

Subjects


Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB1768
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1768+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1768H1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1768ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+CHAP0639+hil
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+H0202V0001+HB1768
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+H02V0021+HB1768
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+HV1872+HB1768
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+S05V0281+HB1768
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+SV0627HB1768+HB1768
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+SV0652HB1768+HB1768

Bill Comments

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