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

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.

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Title

Retirement System; average final compensation retirement multiplier for teachers.

Sponsors


History

DateChamberAction
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

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Virginia State Sources


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