VA SB187 | 2008 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2008 - 25% progression, died in chamber
Action: 2008-02-13 - Senate: Left in Finance
Status: Introduced on January 7 2008 - 25% progression, died in chamber
Action: 2008-02-13 - Senate: Left in Finance
Summary
Virginia Retirement System; average final compensation retirement multiplier for teachers. Increases from 1.7 to 2.0 the average final compensation retirement multiplier for teachers with five or more years of creditable service earned as a teacher. The 2.0 multiplier would apply to the total amount of creditable service at the time of retirement, regardless if some portion of the total amount of creditable service relates to other than teaching. The bill applies to current and future retirees.
Title
Retirement System; average final compensation retirement multiplier for teachers.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2008-02-13 | Senate: Left in Finance | |
| 2008-01-07 | Senate: Referred to Committee on Finance | |
| 2008-01-07 | Senate: Prefiled and ordered printed; offered 01/09/08 084690240 |
Subjects
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+SB187 |
