Virginia Senate Bill 687 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 3 2014 - 25% progression, died in chamber
Action: 2015-01-28 - Passed by indefinitely in Finance (14-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Virginia Retirement System; average final compensation. Provides that if an employee receives increases in compensation related to a promotion or new position in the last four years of service that exceed 400 percent of the employee's average annual compensation during the preceding three years, then the employee's service retirement allowance shall be based upon average annual compensation during the employee's final 10 years of service. The provision would not apply to an employee who returns to service after at least a one year gap in service, who receives a judicial appointment, or who is elected Governor or Attorney General.

Virginia Retirement System; limitations on average final compensation.

Sen. Dave Marsden [D]

2015-01-28 - Senate - Senate: Passed by indefinitely in Finance (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2015-01-28	Senate	Passed by indefinitely in Finance (14-Y 0-N)
2014-11-03	Senate	Referred to Committee on Finance
2014-11-03	Senate	Prefiled and ordered printed; offered 01/14/15 15100156D

Chapter	Article	Section	Citation Type	Statute Text
51	1	152	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?151+sum+SB687
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+SB687+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?151+vot+S05V0086+SB0687