VA HB299 | 2014 | Regular Session
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on December 31 2013 - 25% progression, died in committee
Action: 2014-02-12 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on December 31 2013 - 25% progression, died in committee
Action: 2014-02-12 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Judicial retirement system; weighted years of service factor. Eliminates the class of judicial retirees created in 2010 for whom the weighted years of service factor is dependent upon age. Under the bill, the weighted years of service factor for all judges entering the system on and after January 1, 1995, is 2.5. Judges entering the system earlier have a weighted years of service factor of 3.5. The bill does not change recent amendments to the judicial retirement system: (i) the setting of a "normal retirement date" of age 65 for judges and (ii) the reduction of the annual retirement allowance from 1.7 to 1.65 for members entering the system on and after January 1, 2013, parroting the change made for all VRS members who enter the system on or after July 1, 2010, or who had less than 60 months of creditable service as of January 1, 2013.
Title
Judicial retirement system; weighted years of service factor.
Sponsors
Roll Calls
2014-01-20 - House - House: Reported from Courts of Justice (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]
2014-01-15 - House - House: Subcommittee recommends reporting (9-Y 0-N) (Y: 9 N: 0 NV: 1 Abs: 0) [PASS]
2014-01-15 - House - House: Subcommittee recommends reporting (9-Y 0-N) (Y: 9 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2014-02-12 | House | Left in Appropriations |
| 2014-02-06 | House | Subcommittee recommends laying on the table by voice vote |
| 2014-01-23 | House | Assigned App. sub: Compensation and Retirement |
| 2014-01-20 | House | Referred to Committee on Appropriations |
| 2014-01-20 | House | Reported from Courts of Justice (21-Y 0-N) |
| 2014-01-15 | House | Subcommittee recommends referring to Committee on Appropriations |
| 2014-01-15 | House | Subcommittee recommends reporting (9-Y 0-N) |
| 2014-01-10 | House | Assigned Courts sub: Civil |
| 2013-12-31 | House | Referred to Committee for Courts of Justice |
| 2013-12-31 | House | Prefiled and ordered printed; offered 01/08/14 14100219D |
