HB 503 Retirement System; prefunding of post-retirement benefits.
George H. Heilig, Jr. | all patrons    ...    notes
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Virginia Retirement System; prefunding of post-retirement benefits. Requires that, beginning in the 1996-98 biennium, the normal employer contribution rate for any employer shall be determined as the percentage represented by the ratio of (i) the annual normal cost to provide the benefits of the retirement system, including post-retirement supplements provided under 51.1-166, with respect to members employed by the employer in excess of the members' contributions to (ii) the total annual compensation of the members.

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01/24/94  House: Presented and ordered printed  pdf

01/24/94  House: Presented and ordered printed
01/24/94  House: Referred to Committee on Appropriations
02/08/94  House: Continued to 1995 in Appropriations (22-Y 0-N)
12/19/94  House: No action taken by Appropriations by voice vote