VA HB1189 | 2010 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on April 13 2010 - 100% progression
Action: 2010-04-13 - Governor: Acts of Assembly Chapter text (CHAP0737)
Text: Latest bill text (Chaptered) [HTML]

Summary

Virginia Retirement System; new employees. Modifies for new employees, all the defined benefit retirement plans administered by the Virginia Retirement System ("VRS"), as follows: (i) requires employees to contribute five percent of creditable compensation (only local employers would be allowed to pick up this contribution), (ii) increases the number of months used to calculate average final compensation from 36 to 60, (iii) increases the cost, and decreases the time in which employees may purchase certain prior service credits, and (iv) reduces the portion of the increase in the Consumer Price Index used for determining annual retirement allowance supplements ("COLA") from three percent plus one-half of the next four percent to two percent plus one-half of the next eight percent. The bill also decreases the Commonwealth's contribution for employees in institutions of higher education participating in an optional retirement plans from 10.4 percent to 8.5 percent of creditable compensation. However, institutions of higher education may provide an additional contribution up to 0.4 percent each year at their own cost. New employees of institutions of higher education would also be required to contribute five percent of salary. In addition to these modifications, for new state and local employees covered under the main defined benefit plan, (i.e. excluding the separate plans for state and local law enforcement employees and judges), the bill (a) changes the requirements for unreduced early retirement benefits from 50 years of age and 30 years of creditable service, to one whereby the sum of age plus years of service equals 90 and (b) sets the person's normal retirement date as his normal retirement date for federal social security. (The bill would allow reduced early retirement to be taken only by those persons who have attained the age of 60 with at least five years of creditable service.) Finally, for judges appointed or elected to an original term commencing on or after July 1, 2010, service as a judge would be multiplied by the weighted years of service factor of (i) 1.5 if the person was less than 45 at the time of such original term, (ii) 2.0 if the person was at least 45 but less than 55 at the time of such original term, and (iii) 2.5 if the person was at least 55 at the time of such original term.

Tracking Information

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Title

Retirement System; modifies for new employees all defined benefit retirement plans.

Sponsors


Roll Calls

2010-03-11 - Senate - Senate: Conference report agreed to by Senate (38-Y 1-N) (Y: 38 N: 1 NV: 1 Abs: 0) [PASS]
2010-03-11 - House - House: VOTE: --- ADOPTION (85-Y 13-N) (Y: 87 N: 13 NV: 2 Abs: 0) [PASS]
2010-03-03 - Senate - Senate: Senate insisted on substitute (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-03-01 - House - House: VOTE: --- REJECTED (0-Y 99-N) (Y: 0 N: 101 NV: 0 Abs: 0) [FAIL]
2010-02-25 - Senate - Senate: Passed Senate with substitute (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-25 - Senate - Senate: Committee substitute reconsidered (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-25 - Senate - Senate: Amendment by Senator Whipple reconsidered (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-23 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-21 - Senate - Senate: Reported from Finance with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-16 - House - House: VOTE: --- PASSAGE (80-Y 19-N) (Y: 82 N: 19 NV: 0 Abs: 0) [PASS]
2010-02-12 - House - House: Reported from Appropriations with substitute (21-Y 0-N) (Y: 21 N: 0 NV: 1 Abs: 0) [PASS]
2010-02-11 - House - House: Subcommittee recommends reporting with amendment(s) (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2010-04-13 Governor: Acts of Assembly Chapter text (CHAP0737)
2010-04-13 Governor: Approved by Governor-Chapter 737 (effective 7/1/10)
2010-03-25 Senate: Signed by President
2010-03-22 House: Signed by Speaker
2010-03-22 House: Bill text as passed House and Senate (HB1189ER)
2010-03-22 House: Enrolled
2010-03-11 Senate: Conference report agreed to by Senate (38-Y 1-N)
2010-03-11 House: VOTE: --- ADOPTION (85-Y 13-N)
2010-03-11 House: Conference report agreed to by House (85-Y 13-N)
2010-03-11 House: Conference substitute printed 10106002D-H2
2010-03-03 House: Delegates: Putney, Jones, Joannou
2010-03-03 House: Conferees appointed by House
2010-03-03 Senate: Senators: Whipple, Watkins, Reynolds
2010-03-03 Senate: Conferees appointed by Senate
2010-03-03 House: House acceded to request
2010-03-03 Senate: Senate requested conference committee
2010-03-03 Senate: Senate insisted on substitute (40-Y 0-N)
2010-03-01 House: VOTE: --- REJECTED (0-Y 99-N)
2010-03-01 House: Senate substitute rejected by House 10105675D-S2 (0-Y 99-N)
2010-02-26 House: Placed on Calendar
2010-02-25 Senate: Passed Senate with substitute (40-Y 0-N)
2010-02-25 Senate: Engrossed by Senate - floor substitute HB1189S2
2010-02-25 Senate: Substitute by Senator Norment agreed to 10105675D-S2
2010-02-25 Senate: Reading of substitute waived
2010-02-25 Senate: Floor substitute printed 10105675D-S2 (Norment)
2010-02-25 Senate: Committee substitute rejected 10105501D-S1
2010-02-25 Senate: Committee substitute reconsidered (40-Y 0-N)
2010-02-25 Senate: Amendment by Senator Whipple rejected
2010-02-25 Senate: Amendment by Senator Whipple reconsidered (40-Y 0-N)
2010-02-25 Senate: Read third time
2010-02-24 Senate: Passed by for the day
2010-02-24 Senate: Amendment by Senator Whipple agreed to
2010-02-24 Senate: Reading of amendment waived
2010-02-24 Senate: Passed by temporarily
2010-02-24 Senate: Committee substitute agreed to 10105501D-S1
2010-02-24 Senate: Reading of substitute waived
2010-02-24 Senate: Read third time
2010-02-23 Senate: Constitutional reading dispensed (40-Y 0-N)
2010-02-21 Senate: Committee substitute printed 10105501D-S1
2010-02-21 Senate: Reported from Finance with substitute (15-Y 0-N)
2010-02-17 Senate: Referred to Committee on Finance
2010-02-17 Senate: Constitutional reading dispensed
2010-02-16 House: VOTE: --- PASSAGE (80-Y 19-N)
2010-02-16 House: Read third time and passed House (80-Y 19-N)
2010-02-15 House: Engrossed by House - committee substitute HB1189H1
2010-02-15 House: Committee substitute agreed to 10104949D-H1
2010-02-15 House: Read second time
2010-02-14 House: Read first time
2010-02-12 House: Committee substitute printed 10104949D-H1
2010-02-12 House: Reported from Appropriations with substitute (21-Y 0-N)
2010-02-11 House: Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
2010-01-19 House: Assigned App. sub: Compensation and Retirement
2010-01-13 House: Referred to Committee on Appropriations
2010-01-13 House: Prefiled and ordered printed; offered 01/13/10 10103075D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
511124.3(n/a)See Bill Text
511126(n/a)See Bill Text
511144(n/a)See Bill Text
511153(n/a)See Bill Text
511155(n/a)See Bill Text
511157(n/a)See Bill Text
511166(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+HB1189
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB1189+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB1189H1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB1189S1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB1189S2+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB1189H2+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB1189ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+CHAP0737+hil
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+H0202V0013+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+H02V0037+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+HV0839+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+S05V0192+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0433HB1189+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0461HB1189+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0462HB1189+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0463HB1189+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+HV1088+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0559HB1189+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+HV1604+HB1189
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0862HB1189+HB1189

Bill Comments

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