HB 2122 Virginia Retirement System; purchase of prior service credit.
John S. Reid | all patrons    ...    notes
| add to my profiles

Summary as passed: (all summaries)
Virginia Retirement System; purchase of prior service credit. Provides that school division superintendents may purchase an additional 10 years of retirement service credit for prior service for the Commonwealth or another state (this is in addition to the four years under law that may already be purchased). The cost for each additional year of service shall equal 10 percent of the superintendent's compensation at the time of purchase, provided that the additional retirement service is purchased within one year of the superintendent's eligibility and is paid for in one lump-sum payment to the Virginia Retirement System. For each year of service purchased under the bill, the school division superintendent is required to serve the same number of years as a school division superintendent subsequent to the date of purchase. Any school division superintendent who fails to serve the required number of years shall forfeit any credited service for the number of years not served and shall be liable to his local board for any amount paid by it for purchasing the forfeited prior service credit.

Full text:
01/08/03  House: Presented & ordered printed, prefiled 01/08/03 033933904  pdf | impact statement
02/11/03  Senate: Committee substitute printed 039100540-S1  pdf | impact statement
02/22/03  House: Conference substitute printed 039112904-H1  pdf
02/27/03  House: Bill text as passed House and Senate (HB2122ER)  pdf | impact statement
03/31/03  Governor: Acts of Assembly Chapter text (CHAP0947)  pdf

Amendments:
Conference amendments

Status:
01/08/03  House: Presented & ordered printed, prefiled 01/08/03 033933904
01/08/03  House: Referred to Committee on Appropriations
01/27/03  House: Reported from Appropriations (22-Y 2-N)
01/29/03  House: Read first time
01/30/03  House: Read second time and engrossed
01/31/03  House: Read third time and passed House (86-Y 12-N)
01/31/03  House: VOTE: PASSAGE (86-Y 12-N)
01/31/03  House: Communicated to Senate
02/03/03  Senate: Constitutional reading dispensed
02/03/03  Senate: Referred to Committee on Finance
02/11/03  Senate: Reported from Finance with substitute (15-Y 0-N)
02/11/03  Senate: Committee substitute printed 039100540-S1
02/12/03  Senate: Const. reading disp., passed by for the day (40-Y 0-N)
02/12/03  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
02/13/03  Senate: Read third time
02/13/03  Senate: Reading of substitute waived
02/13/03  Senate: Committee substitute agreed to 039100540-S1
02/13/03  Senate: Engrossed by Senate - committee substitute 039100540-S1
02/13/03  Senate: Passed Senate with substitute (39-Y 0-N)
02/13/03  Senate: VOTE: PASSAGE R (39-Y 0-N)
02/13/03  Senate: Rec. of Sen. passage agreed to by Senate (38-Y 0-N)
02/13/03  Senate: VOTE: (38-Y 0-N)
02/13/03  Senate: Passed Senate with substitute (38-Y 0-N)
02/13/03  Senate: VOTE: (38-Y 0-N)
02/14/03  House: Placed on Calendar
02/17/03  House: Senate substitute rejected by House (5-Y 86-N)
02/17/03  House: VOTE: REJECTED (5-Y 86-N)
02/19/03  Senate: Senate insisted on substitute (39-Y 0-N)
02/19/03  Senate: VOTE: INSIST & REQUEST (39-Y 0-N)
02/19/03  Senate: Senate requested conference committee
02/20/03  House: House acceded to request
02/20/03  House: Conferees appointed by House
02/20/03  House: Delegates: Reid, Hamilton, Bland
02/20/03  Senate: Conferees appointed by Senate
02/20/03  Senate: Senators: Stolle, Trumbo, Saslaw
02/22/03  House: Conference substitute printed 039112904-H1
02/22/03  House: Conference report agreed to by House (84-Y 13-N)
02/22/03  House: VOTE: ADOPTION (84-Y 13-N)
02/22/03  Senate: Reading of conference report waived
02/22/03  Senate: Conference report agreed to by Senate (39-Y 0-N)
02/22/03  Senate: VOTE: CONF. COMMITTEE RPT. (39-Y 0-N)
02/27/03  House: Bill text as passed House and Senate (HB2122ER)
03/05/03  House: Enrolled
03/05/03  House: Signed by Speaker
03/06/03  Senate: Signed by President
03/24/03  Governor: Approved by Governor-Chapter 947 (effective 7/1/03)
03/31/03  Governor: Acts of Assembly Chapter text (CHAP0947)