Pensions, Benefits and Retirement
P
Passed
- P HB189
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Virginia Retirement System; creditable service. Modifies the definition of creditable service to include uncompensated sick leave accumulated as of the employee's retirement date, certified by the employer to the Board.
- Patron - Hamilton
- P HB715
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Virginia Law Officers' Retirement System. Creates VALORS, a retirement system for certain state law-enforcement officers. The benefits of VALORS are similar to those provided under the State Police Officers' Retirement System.
- Patron - Cranwell
- P HB1017
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Virginia Retirement System; benefits paid to survivors. Provides that the beneficiary of a member who dies in service prior to age 65 will receive the benefits that would have been payable had the member died at normal retirement age under a 100 percent joint and survivor option.
- Patron - Grayson
- P HB1437
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Retirement benefits; creditable compensation for members of the General Assembly. Excludes office expenses in determining creditable compensation for members of the General Assembly.
- Patron - Jones, S.C.
- P HB1542
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VRS early retirement options. Allows state employees, teachers, and employees of political subdivisions that do not elect to be exempt, to retire from service with unreduced benefits when they reach 50 years of age and have 30 years of service credits. Currently, VRS members with 30 years of service credit must be at least age 55 to retire with unreduced benefits.
- Patron - Shuler
- P HB1612
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Virginia Retirement System; technical corrections and administrative changes. Provides technical revisions to various VRS provisions. Additional changes simplify the administration of the system. These changes include (i) making vesting and final compensation consistent regardless of the date of termination so that the calculation of benefits is uniform and (ii) eliminating the requirement that a member's parents be "wholly dependent" in order to receive benefits if the member dies prior to retirement.
- Patron - Putney
- P HB1613
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VRS early retirement options. Allows state employees, teachers, and employees of political subdivisions that do not elect to be exempt, to retire from service with unreduced benefits when they reach 50 years of age and have 30 years of service credits. Currently, VRS members with 30 years of service credit must be at least age 55 to retire with unreduced benefits.
- Patron - Crittenden
- P HB1706
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Regional jail superintendents and officers; benefits. Allows regional jail authorities to provide benefits to regional jail superintendents and jail officers that are equivalent to benefits provided under the State Police Officers' Retirement System.
- Patron - Bryant
- P HB1735
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Volunteer Firefighters' and Rescue Squad Workers' Pension Fund. Establishes a voluntary defined contribution retirement plan for certain eligible volunteer firefighters and rescue squad workers to be administered and managed by the Volunteer Firefighters' and Rescue Squad Workers' Pension Fund with the assistance of the Virginia Retirement System. Members are required to pay $30 per quarter into the Fund. The Commonwealth will make additional contributions from such funds as may be appropriated, for a period not to exceed 20 years.
- Patron - Day
- P HB1755
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Sickness and disability; benefits for local government employees. Provides that local government employers may elect to participate in the sickness and disability program. If an employer elects to participate in the program, employees may elect whether to continue under the existing program or to opt into the sickness and disability program. The measure will become effective only if reenacted by the 2000 Session.
- Patron - Putney
- P HB1756
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Deferred compensation; contributions by Commonwealth. Authorizes the Virginia Retirement System to establish a plan into which employers can make contributions to state employees' deferred compensation accounts. The employer's match will not exceed the lesser of 50 percent of the employee's contribution or $50, per semi-monthly pay period. The amount to be contributed is subject to approval by the General Assembly.
- Patron - Putney
- P HB1762
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VRS early retirement options. Allows state employees, teachers, and employees of political subdivisions that do not elect to be exempt, to retire from service with unreduced benefits when they reach 50 years of age and have 30 years of service credits. Currently, VRS members with 30 years of service credit must be at least age 55 to retire with unreduced benefits.
- Patron - Hall
- P HB1805
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VRS early retirement options. Allows state employees, teachers, and employees of political subdivisions that do not elect to be exempt, to retire from service with unreduced benefits when they are 50 years of age and have 30 years of service credits. Currently, VRS members with 30 years of service credit must be at least age 55 to retire with unreduced benefits.
- Patron - Cantor
- P HB2023
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Volunteer Firefighters' and Rescue Squad Workers' Pension Fund. Establishes a voluntary defined contribution retirement plan for certain eligible volunteer firefighters and rescue squad workers to be administered and managed by the Volunteer Firefighters' and Rescue Squad Workers' Pension Fund with the assistance of the Virginia Retirement System. Members are required to pay $30 per quarter into the Fund. The Commonwealth will make additional contributions from such funds as may be appropriated.
- Patron - Wilkins
- P HB2397
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Supplemental health insurance payments for state retirees. Allows retiring state employees to have the amount of their accrued annual leave and sick leave that would otherwise be paid to them in a lump sum to be credited to a supplemental health insurance credit account. Money in the account will be withdrawn to supplement the existing health insurance credit for retirees, in order to cover the full amount of a retiree's monthly health insurance premium.
- Patron - Tate
- P SB220
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Virginia Retirement System long-term care insurance program. Authorizes the Board of the Virginia Retirement System to develop, implement, and administer a long-term care insurance program.
- Patron - Martin
- P SB810
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VRS early retirement options. Allows teachers who are VRS members to retire from service with unreduced benefits when they have 30 years of service credit, regardless of age. Currently, teachers and other VRS members with 30 years of service credit must be at least age 55 to retire with unreduced benefits.
- Patron - Schrock
- P SB816
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Sickness and disability program. Makes technical revisions and corrections to the sickness and disability program for state employees. The changes add a definition of "state service" as the total period of an employee's service as an eligible employee, including classified full-time and classified part-time service and periods of leave without pay. The VRS Board is authorized to self-insure the long-term disability benefits. Additional changes (i) clarify the effective date of coverage for existing employees who elect to participate in the program in order to address lag pay issues, (ii) give the VRS Board authorization to allow appeals of decisions as provided under ERISA, and (iii) allow disability benefits to continue to employees whose disabilities are related to substance abuse if the employee is complying with a treatment plan and making substantial progress towards rehabilitation. The measure is effective retroactively to January 1, 1999.
- Patron - Holland
- P SB818
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VRS early retirement options. Allows state employees and teachers who are VRS members to retire from service with unreduced benefits when they have 30 years of service credit, regardless of age. Currently, VRS members with 30 years of service credit must be at least age 55 to retire with unreduced benefits.
- Patron - Stosch
- P SB831
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Virginia Retirement System; employer withdrawal of funds. Provides a mechanism for withdrawing funds from the Retirement System to distribute to beneficiaries or transfer to another tax qualified retirement plan upon the termination of the employer's status as an agency or political subdivision of the Commonwealth.
- Patron - Miller, K.G.
- P SB876
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VRS early retirement options. Allows state employees, political subdivision employees, and teachers who are VRS members to retire from service when they have 30 years of service credit, regardless of age. Currently, VRS members with 30 years of service credit must be at least age 55 to retire with unreduced benefits. Political subdivisions participating in the VRS may opt out of this provision by notifying the VRS Board by July 1, 1999.
- Patron - Ticer
- P SB888
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Virginia Retirement System; prior service credit for interruption due to raising children. Allows any member in service who is granted a leave of absence due to the birth or adoption of a child to purchase up to one year of service credit per child.
- Patron - Mims
F
Failed
- F HB398
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Virginia Retirement System; teachers. Provides that all taxable compensation shall be considered in determining the creditable compensation of public schoolteachers. "Teachers" are defined as professional or clerical employees of public school boards.
- Patron - Phillips
- F HB1432
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Retirement benefits; creditable compensation for members of the General Assembly. Excludes office expenses in determining creditable compensation for members of the General Assembly.
- Patron - Thomas
- F HB1486
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Retirement benefits; creditable compensation for members of the General Assembly. Provides that office expense allowances shall not be included in determining creditable compensation for members of the General Assembly.
- Patron - Moss
- F HB1533
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Virginia Retirement System; prior service credit for involuntary maternity leave. Clarifies that the 1998 change directing that state employees receive up to two years of service credit for involuntary maternity leave applies to employees who have already purchased credit for that time.
- Patron - Orrock
- F HB1562
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Commonwealth Law-Enforcement Officers' Retirement System. Creates a law-enforcement officers' retirement system to include certain law-enforcement officers in a retirement system similar to, but separate from, the State Police Officers' Retirement System, and makes such membership compulsory.
- Patron - Cranwell
- F HB1585
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Retirement for police officers; service requirements. Provides that a member of a police department may retire at any age after 25 years of service and that there will be supplemental benefits for service beyond 25 years. Currently, the service requirement is 20 years, but the police officer must have attained the age of 50 years.
- Patron - Callahan
- F HB1588
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Retirement benefits for hazardous duty. Provides that law-enforcement officers receiving enhanced retirement benefits for hazardous duty will continue to receive those benefits until social security benefits begin or age 65, whichever is later.
- Patron - Weatherholtz
- F HB1603
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Virginia Retirement System; prior service credit. Provides that a current member of the Virginia Retirement System may purchase up to three years of service credit for service as a teacher at a private school.
- Patron - Purkey
- F HB1655
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Virginia Retirement System; benefits paid to survivors. Provides that in situations where both a husband and wife are members of the Virginia Retirement System, the surviving spouse may elect to receive a death benefit equal to what the deceased spouse would have received had the surviving spouse predeceased the deceased spouse.
- Patron - Jones, J.C.
- F HB1657
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Retirement; state police officers. Provides that a state police officer who retires after 25 years of service shall not be a member in the state retirement plan if he becomes an employee of the state in another capacity. This also applies to local law enforcement officers that have been covered by VRS.
- Patron - Marshall
- F HB1686
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Retirement benefits; overtime pay as creditable compensation. Includes overtime pay in determining creditable compensation.
- Patron - Stump
- F HB1690
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Regional jail authorities; retirement benefits. Provides that employees of regional jail authorities are eligible for "LEOS" benefits.
- Patron - Baker
- F HB1707
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Virginia Retirement System; teachers. Provides that all taxable compensation and deferred tax-favored compensation shall be considered in determining the creditable compensation of public school teachers. "Teachers" are defined as professional or clerical employees of public school boards.
- Patron - Phillips
- F HB1708
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Virginia Retirement System; social security option participants. Directs the Virginia Retirement System (VRS) to re-compute and increase the basic benefit, which is calculated when the retiree reaches age 65, by the total annual cost-of-living adjustments received by the retiree under the Virginia Retirement System from the date the retiree began receiving benefits until the retiree reaches age 65.
- Patron - Phillips
- F HB1710
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Virginia Retirement System; prior credits. Permits military retirees to receive service credit in the Virginia system as well as in another retirement system.
- Patron - Phillips
- F HB1717
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Disability benefits. Clarifies that an employee may, at his option, use his disability credits on an hour-for-hour basis to extend the period during which he receives 100 percent creditable compensation during a short-term disability.
- Patron - Jackson
- F HB1754
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Short-term disability benefits. Provides that employees participating in the sickness and disability program shall receive payment for unused personal leave during any period of short-term disability.
- Patron - Putney
- F HB1763
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Early retirement of local officials. Adds county attorneys to officials eligible for unreduced retirement benefits upon their involuntary termination in certain instances.
- Patron - Kilgore
- F HB1777
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Membership in the Virginia Retirement System. Subjects local alcohol safety action programs to the same provisions regarding eligibility of their employees for membership in the retirement system that apply to political subdivisions generally.
- Patron - Joannou
- F HB1823
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Virginia Retirement System; adjustments for settlement of worker's compensation claim. Provides that there shall be no adjustment to the member's benefits for the settlement of a member's workers' compensation claim if such adjustment is applicable to the member's social security benefits.
- Patron - Phillips
- F HB2396
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Health insurance premiums for retired state employees. Allows retiring state employees to use accrued sick leave and annual leave balances to cover one-half of the cost of the retiree's premium under the state health insurance program. Leave balances can be converted to retiree-only coverage at the rate of one month per two days of leave balance, or family coverage at the rate of one month per three days of leave balance. The other half of the health insurance premium will be covered, to the extent available, by the retiree's health insurance credit.
- Patron - Tate
- F HB2479
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Sickness and disability program; use of disability credits. Provides that disability credits will be used at a rate of one credit per hour necessary to supplement disability payments at 80 percent or 60 percent of creditable compensation in order that the participant receives 100 percent replacement of creditable compensation. For a week in which the employee is receiving compensation at 80 percent, he will use eight credits, and for a week in which the employee is receiving compensation at 60 percent, he will use 16 credits. This measure applies to state employees participating in the sickness and disability program who have converted their sick leave balances to disability credits.
- Patron - Grayson
- F HB2733
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Life insurance benefits; retired state employees. Provides that retired state employees may elect, at their own cost, to maintain the insurance coverage available to them just prior to retirement.
- Patron - Phillips
- F SB722
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Retirement benefits; creditable compensation for members of the General Assembly. Eliminates the inclusion of office allowances in determining creditable compensation, for purposes of determining retirement benefits, of members of the General Assembly.
- Patron - Stosch
- F SB768
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Virginia Retirement System; early retirement for certain members. Allows correctional officers to retire after attaining age 55 with 25 years of service. Currently VRS members must have 30 years of service and have attained age 55 to retire with unreduced benefits.
- Patron - Miller, Y.B.
- F SB844
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Defined contribution plan. Makes elected Commonwealth's attorneys eligible to participate in a defined contribution plan.
- Patron - Lambert
- F SB854
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Deferred retirement option program. Establishes a deferred retirement option program for state employees, state police officers, local government employees, teachers, and judges. To participate in the program, members must be eligible to retire under VRS, SPORS, or the JRS with unreduced benefits. The employee continues working during the period of his participation in the program, not to exceed five years, during which time a percentage of the amount of the monthly retirement benefits that he would have received if he had retired instead of enrolling in the program is deposited in an account. The percentage, determined at an amount that ensures that the program does not affect employer contribution rates, shall not exceed 100 percent. The account balance, with interest, shall be paid to the participant when he retires.
- Patron - Stolle
- F SB867
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Virginia Retirement System benefits. Requires that the monthly service retirement allowance payable to teachers who retired with unreduced benefits prior to January 1, 1980, with at least 15 years of service be at least $800.
- Patron - Trumbo
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