Retirement systems; financial reports, annual disclosures. [HB-162]
[Retirement ]
[Pensions ]
[Finance ]
Financial reports by retirement systems; annual disclosures. Requires retirement systems to provide disclosures describing the process and criteria used for selecting third-party fund managers, advisers, or consultants and other persons providing services to the retirement system. Such information shall be included in a retirement system's annual report.
Virginia Retirement System; enhanced retirement benefits for 911 dispatchers. [HB-38]
[Retirement ]
[Pensions ]
[Labor, Jobs, Employment ]
[Public Safety ]
[Healthcare ]
Virginia Retirement System; enhanced retirement benefits for 911 dispatchers. Allows local governments to provide enhanced retirement benefits for hazardous duty service to full-time salaried 911 dispatchers. The bill provides that such enhanced retirement benefits apply only to service earned as a full-time salaried 911 dispatcher on or after July 1, 2025, but allows an employer, as that term is defined in relevant law, to provide such enhanced retirement benefits for service earned as a full-time salaried 911 dispatcher before July 1, 2025, in
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HB-38: Virginia Retirement System; enhanced retirement benefits for 911 dispatchers.
Sponsored by: Rep. Paul Krizek
Left In Appropriations on 11/18/2024
Virginia Law Officers' Retirement System; extends membership to emergency dispatchers. [HB-631]
[Retirement ]
[Law Enforcement ]
[Pensions ]
[Public Safety ]
[Labor, Jobs, Employment ]
Virginia Law Officers' Retirement System; emergency dispatchers. Extends membership in the Virginia Law Officers' Retirement System (VaLORS) to emergency dispatchers who are employed by the Department of State Police and agencies whose law-enforcement officers are eligible for membership in VaLORS. The bill has a delayed effective date of July 1, 2025, and provides that such membership would apply only to service earned on or after July 1, 2025.
HB-631: Virginia Law Officers' Retirement System; extends membership to emergency dispatchers.
Sponsored by: Rep. Mike Cherry
Left In Appropriations on 11/18/2024
HR-267: Requests state retirement systems to submit reports regarding procedures for proxy voting
Sponsored by: Rep. Michael Melerine
Taken By The Clerk Of The House And Presented To The Secretary Of State In Accordance With The Rules Of The House. on 06/03/2024
You have voted HB-902: Requires fiduciaries for public retirement systems to make investment decisions based solely on financial factors (OR SEE ACTUARIAL NOTE FC).
SB-5: Requires fiduciaries for public retirement systems to make investment decisions based solely on financial factors. (8/1/24) (OR SEE ACTUARIAL NOTE APV)
Sponsored by: Sen. Blake Miguez
Introduced In The Senate; Read By Title. Rules Suspended. Read Second Time And Referred To The Committee On Retirement. on 03/11/2024
You have voted SB-5: Requires fiduciaries for public retirement systems to make investment decisions based solely on financial factors. (8/1/24) (OR SEE ACTUARIAL NOTE APV).
Juvenile detention specialists; enhanced retirement benefits. [HB-1438]
[Pensions ]
[Retirement ]
[Children and Youth ]
[Criminal Justice ]
[Law Enforcement ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
[Crime ]
Pensions; enhanced retirement benefits for juvenile detention specialists. Requires each political subdivision participating in the Virginia Retirement System and each county or city participating in the Virginia Retirement System to provide retirement benefits comparable to the benefits provided to state police officers to juvenile detention specialists.
Va. Law Officers' Retirement System; adds firefighters employed by Department of Military Affairs. [HB-1401]
[Retirement ]
[Pensions ]
[Veterans ]
[Military ]
[Labor, Jobs, Employment ]
Virginia Law Officers' Retirement System; firefighters. Adds full-time firefighters employed by the Department of Military Affairs to the Virginia Law Officers' Retirement System for service earned on or after July 1, 2025. The bill has a delayed effective date of July 1, 2025.
HB-1401: Va. Law Officers' Retirement System; adds firefighters employed by Department of Military Affairs.
Sponsored by: Rep. Nadarius Clark
Governor: Acts Of Assembly Chapter Text (chap0417) on 04/04/2024
Virginia Retirement System; return to work for law-enforcement officers. [HB-1393]
[Law Enforcement ]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
[Public Safety ]
Virginia Retirement System; return to work for law-enforcement officers. Allows a retired law-enforcement officer to return to work full time as a law-enforcement officer and continue to receive his pension under the Virginia Retirement System. Such person shall be required to have a break in service of at least six calendar months before reemployment. The bill has a delayed effective date of January 1, 2025. Virginia Retirement System; return to work for law-enforcement officers. Allows a retired law-enforcement officer to return to work full time
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HB-1393: Virginia Retirement System; return to work for law-enforcement officers.
Sponsored by: Rep. Michael Jones
Subcommittee Recommends Continuing To 2025 By Voice Vote on 01/29/2024
Virginia Retirement System; additional service credit for certain teachers and school bus drivers. [SB-622]
[Education ]
[Retirement ]
[Pensions ]
[Labor, Jobs, Employment ]
Virginia Retirement System; additional service credit. Allows an individual who serves concurrently as a full-time primary or secondary school teacher and as a full-time school bus driver to receive additional service credit in the Virginia Retirement System for providing such services. The bill specifies that the amount of credit allowable shall be equivalent to the amount of credit that the individual would earn if he were employed only as a full-time school bus driver.
SB-622: Virginia Retirement System; additional service credit for certain teachers and school bus drivers.
Sponsored by: Sen. Todd Pillion
Stricken At Request Of Patron In Finance And Appropriations (15-y 0-n) on 02/06/2024
Virginia Retirement System; enhanced retirement benefits for 911 dispatchers. [SB-472]
[Retirement ]
[Pensions ]
[Public Safety ]
[Labor, Jobs, Employment ]
Virginia Retirement System; enhanced retirement benefits for 911 dispatchers. Allows local governments to provide enhanced retirement benefits for hazardous duty service to full-time salaried 911 dispatchers. The bill provides that such enhanced retirement benefits apply only to service earned as a full-time salaried 911 dispatcher on or after July 1, 2025, but allows an employer, as that term is defined in relevant law, to provide such enhanced retirement benefits for service earned as a full-time salaried 911 dispatcher before July 1, 2025, in
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SB-472: Virginia Retirement System; enhanced retirement benefits for 911 dispatchers.
Sponsored by: Sen. Mark Obenshain
Incorporated By Finance And Appropriations on 02/06/2024
Virginia Retirement System; plan credits and accounts. [SB-458]
[Military ]
[Pensions ]
[Retirement ]
[Veterans ]
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
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SB-458: Virginia Retirement System; plan credits and accounts.
Sponsored by: Sen. Dave Marsden
Governor: Acts Of Assembly Chapter Text (chap0353) on 04/02/2024
Virginia Retirement System; return to work, break in service. [SB-548]
[Pensions ]
[Retirement ]
[Education ]
[Law Enforcement ]
[Transportation and Motor Vehicles ]
[Labor, Jobs, Employment ]
Virginia Retirement System; return to work; break in service. Reduces, from six months to one month, the length of the required break in service after retirement for a teacher, bus driver, specialized student support instructor, or law-enforcement officer before such person may return to work full time and continue to receive his pension under the Virginia Retirement System (VRS).
SB-548: Virginia Retirement System; return to work, break in service.
Sponsored by: Sen. Christie New Craig
Continued To 2025 In Finance And Appropriations (15-y 0-n) on 02/06/2024
Virginia Retirement System; service retirement allowance for certain judges. [SB-396]
[Retirement ]
[Pensions ]
Virginia Retirement System; increased retirement allowance for certain judges. Provides that judges appointed or elected to an initial term on or after July 1, 2024, and who are at least age 55 at the time of appointment will be placed in Plan 1 with service weighted at 3.5. Virginia Retirement System; increased retirement allowance for certain judges. Provides that judges appointed or elected to an initial term on or after July 1, 2024, and who are at least age 55 at the time of appointment will be placed in Plan 1 with service weighted at 3.5.
SB-396: Virginia Retirement System; service retirement allowance for certain judges.
Sponsored by: Sen. Ryan McDougle
Continued To 2025 In Appropriations By Voice Vote on 02/21/2024
Virginia Law Officers' Retirement System; extends membership to conservation officers. [HB-1312]
[Retirement ]
[Pensions ]
[Law Enforcement ]
[Public Safety ]
[Labor, Jobs, Employment ]
Virginia Law Officers' Retirement System; conservation officers. Extends membership in the Virginia Law Officers' Retirement System (VaLORS) to conservation officers of the Department of Conservation and Recreation. The bill has a delayed effective date of July 1, 2025, and provides that such membership would apply only to service earned on or after July 1, 2025. The bill contains a reenactment clause. Virginia Law Officers' Retirement System; conservation officers. Extends membership in the Virginia Law Officers' Retirement System (VaLORS) to
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HB-1312: Virginia Law Officers' Retirement System; extends membership to conservation officers.
Sponsored by: Rep. Robert Orrock
Governor: Acts Of Assembly Chapter Text (chap0416) on 04/04/2024
Virginia Retirement System; enhanced retirement benefits for 911 dispatchers. [SB-328]
[Pensions ]
[Retirement ]
[Public Safety ]
[Labor, Jobs, Employment ]
Virginia Retirement System; enhanced retirement benefits for 911 dispatchers. Allows local governments to provide enhanced retirement benefits for hazardous duty service to full-time salaried 911 dispatchers. The bill provides that such enhanced retirement benefits apply only to service earned as a full-time salaried 911 dispatcher on or after July 1, 2025, but allows an employer, as that term is defined in relevant law, to provide such enhanced retirement benefits for service earned as a full-time salaried 911 dispatcher before July 1, 2025, in
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SB-328: Virginia Retirement System; enhanced retirement benefits for 911 dispatchers.
Sponsored by: Sen. Emily Brewer
Continued To 2025 In Finance And Appropriations (12-y 3-n) on 02/06/2024