VA SB458 | 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 (CHAP0353)
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 (CHAP0353)
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
2024-02-22 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-19 - House - House: Reported from Appropriations (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-08 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-08 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-07 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-06 - Senate - Senate: Reported from Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-19 - House - House: Reported from Appropriations (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-08 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-08 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-07 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-06 - Senate - Senate: Reported from Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-02 | Governor: Acts of Assembly Chapter text (CHAP0353) | |
| 2024-04-02 | Governor: Approved by Governor-Chapter 353 (effective 7/1/24) | |
| 2024-03-11 | Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024 | |
| 2024-03-11 | Senate | Enrolled Bill Communicated to Governor on March 11, 2024 |
| 2024-03-01 | Senate | Signed by President |
| 2024-02-27 | House | Signed by Speaker |
| 2024-02-27 | Senate | Bill text as passed Senate and House (SB458ER) |
| 2024-02-27 | Senate | Enrolled |
| 2024-02-22 | House | VOTE: Block Vote Passage (99-Y 0-N) |
| 2024-02-22 | House | Passed House BLOCK VOTE (99-Y -0-N) |
| 2024-02-22 | House | Read third time |
| 2024-02-21 | House | Read second time |
| 2024-02-19 | House | Reported from Appropriations (22-Y 0-N) |
| 2024-02-14 | House | Referred to Committee on Appropriations |
| 2024-02-14 | House | Read first time |
| 2024-02-14 | House | Placed on Calendar |
| 2024-02-08 | Senate | Read third time and passed Senate (40-Y 0-N) |
| 2024-02-08 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-08 | Senate | Read second time and engrossed |
| 2024-02-07 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-06 | Senate | Reported from Finance and Appropriations (15-Y 0-N) |
| 2024-01-09 | Senate | Referred to Committee on Finance and Appropriations |
| 2024-01-09 | Senate | Prefiled and ordered printed; offered 01/10/24 24100812D |
Same As/Similar To
HB70 (Similar To) 2024-04-02 - Governor: Acts of Assembly Chapter text (CHAP0267)
