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Virginia Retirement System; service retirement allowance for certain judges.

This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.

VA SB 396 · Senate Bill · 2024

Stage
Session ended
Started in
Senate
Sponsor
1
Latest action
Feb 21, 2024

What it does

Virginia Retirement System; increased retirementallowance for certain judges. Increases, for the purposes of determining benefits provided under the Judicial Retirement System,the retirement multiplier from 1.0 percent to 1.7 percent. The increasewould apply only to judges who are participants in the hybrid retirementprogram and who are at least age 55 at the time of appointment. Thebill provides that such changes apply only to service earned as ajudge on or after July 1, 2025. The bill has a delayed effective date of July 1, 2025.

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Where it stands

This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Current step)

    Passed first chamber · Feb 21, 2024

  4. Law (Needs attention)

    The session ended first

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money in Virginia.

Work with this bill

Virginia Retirement System; service retirement allowance for certain judges. | 52