SB 905 VRS; life and accidental death and dismemberment insurance.
Frederick M. Quayle | all patrons    ...    notes
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Summary as passed: (all summaries)
Virginia Retirement System; life and accidental death and dismemberment insurance. Provides that any employee who (i) at any time had at least 25 years of creditable service in any retirement plan administered by the Virginia Retirement System or other Virginia public plan participating in the group life program and (ii) is employed in a covered position within 24 months prior to his retirement earning an annual salary less than the annual salary earned in his immediately prior covered position, shall be eligible for an amount of group life insurance at an amount equal to twice the amount of his annual salary earned in his immediately prior covered position. The Bill also provides that for any employee who returns to covered employment after retiring with at least 25 years of creditable service in any retirement plan administered by the Virginia Retirement System or other Virginia public plan participating in the group life program, the amount of life insurance shall be the greater of the amount of insurance he would have been eligible for had he remained a retiree or twice the amount of his current annual salary. The bill provides that the face value of such life insurance shall be reduced as currently provided under law.

Full text:
01/08/03  Senate: Presented & ordered printed, prefiled 01/07/03 039017260  pdf | impact statement
01/28/03  Senate: Committee substitute printed 039075520-S1  pdf | impact statement
02/26/03  Senate: Bill text as passed Senate and House (SB905ER)  pdf | impact statement
03/24/03  Governor: Acts of Assembly Chapter text (CHAP0220)  pdf

Status:
01/08/03  Senate: Presented & ordered printed, prefiled 01/07/03 039017260
01/08/03  Senate: Referred to Committee on Finance
01/28/03  Senate: Committee substitute printed 039075520-S1
01/28/03  Senate: Reported from Finance with substitute (13-Y 0-N)
01/29/03  Senate: Constitutional reading dispensed (40-Y 0-N)
01/29/03  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
01/30/03  Senate: Read second time
01/30/03  Senate: Reading of substitute waived
01/30/03  Senate: Committee substitute agreed to 039075520-S1
01/30/03  Senate: Engrossed by Senate - committee substitute 039075520-S1
01/31/03  Senate: Read third time and passed Senate (40-Y 0-N)
01/31/03  Senate: VOTE: PASSAGE R (40-Y 0-N)
01/31/03  Senate: Communicated to House
02/04/03  House: Placed on Calendar
02/04/03  House: Read first time
02/04/03  House: Referred to Committee on Appropriations
02/17/03  House: Reported from Appropriations (25-Y 0-N)
02/18/03  House: Read second time
02/19/03  House: Read third time
02/19/03  House: Passed House BLOCK VOTE (99-Y 0-N)
02/19/03  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
02/26/03  Senate: Bill text as passed Senate and House (SB905ER)
03/05/03  Senate: Enrolled
03/05/03  House: Signed by Speaker
03/06/03  Senate: Signed by President
03/16/03  Governor: Approved by Governor-Chapter 220 (effective 7/1/03)
03/24/03  Governor: Acts of Assembly Chapter text (CHAP0220)