SB 1076 Virginia Senate · 2017 Regular Session

My Virginia Plan Program; retirement plans for employees of private employers.

Summary
Directs the Department of the Treasury (the Department) to create the My Virginia Plan Program (the Program) to enable private employers to connect with financial services firms that offer retirement plans. The bill provides that participation in a plan offered through the Program is voluntary for employers and their employees. The bill requires the Department to review and approve financial services firms to offer retirement plans through the Program and create a website for employers to obtain information on how to participate. The bill provides that the Department ensure that the Program provides a range of investment options to meet the needs of investors with various levels of risk tolerance and various ages.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 6, 2017 Last action Jan 6, 2017
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 6, 2017
Committee
Referred to Committee on General Laws and Technology
legislature
Jan 6, 2017
Introduced
Prefiled and ordered printed; offered 01/11/17 17103413D
legislature
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
FR
Frank Ruff
RRepublican
VA
9