Requires the Virginia Retirement System (VRS) to establish an optional defined contribution retirement plan for state and local employees. Participation in the plan is in lieu of other retirement plans offered by VRS. Employees hired on or after July 1, 2019, shall make an irrevocable election whether to participate in the plan. A person who is employed on June 30, 2019, shall make an irrevocable election by October 31, 2019, to participate in the new retirement plan beginning January 1, 2020, in lieu of his retirement plan at the time. If such employee elects to participate in the new plan, his retirement plan at the time of election will be "frozen" and not increase because of compensation earned or years of service earned while participating in the new plan. Under the plan, the employer makes a mandatory contribution in the amount of 8.5 percent of the employee's compensation, and the employee contributes five percent of his compensation. The employer's contribution becomes fully vested upon the employee's completion of five years of continuous participation.
Total votes
1,677
all sessions
Attendance
99%
12 missed
Near the chamber average
With party
96%
of cast votes
Near the chamber average
Bipartisan score
2%
crosses aisle rarely
Lower than 90% of chamber peers
Sponsored
267
bills & resolutions
Near the chamber average
Committees
0
assignments
267 bills and resolutions
Sponsored bills
Total
267
Primary
88
Co-sponsor
179
This page
267
matching current filters
Virginia Retirement System; establishes an optional defined contribution retirement plan.
Failed Feb 25, 2017
0 co-sponsors
Failed Feb 25, 2017
1 co-sponsor
Introduced Feb 24, 2017
1 co-sponsor
Introduced Feb 23, 2017
1 co-sponsor
Introduced Feb 23, 2017
1 co-sponsor
Trooper Chad Phillip Dermyer Memorial Bridge; designating as Rt. 143 bridge over Interstate 64.
Designates the State Route 143 bridge in the City of Newport News at exit 255 over Interstate 64 the "Trooper Chad Phillip Dermyer Memorial Bridge." This bill is identical to
Signed into law Feb 23, 2017
1 co-sponsor
Introduced Feb 23, 2017
1 co-sponsor
Introduced Feb 23, 2017
1 co-sponsor
Introduced Feb 23, 2017
1 co-sponsor
Introduced Feb 23, 2017
1 co-sponsor
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