SB 612 Life insurance for retired participants in VRS.
Madison E. Marye | all patrons    ...    notes
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Summary:
Virginia Retirement System; increased life insurance benefit for certain retired participants. Increases the amount of life insurance to which VRS participants who retired prior to July 1, 1970, are eligible. Currently, participants who retired before July 1, 1970, are eligible for life insurance in an amount equal to 25 percent of their annual salary. VRS participants retiring on or after July 1, 1970, are eligible for an amount of insurance equal to 25 percent of twice the amount of their annual salary. The distinction exists because the legislation doubling the amount of life insurance benefit became effective July 1, 1970, and did not apply retroactively to persons who had previously qualified for retirement benefits. By eliminating the distinction between members based on their date of retirement, the measure makes all current VRS participants eligible for the higher amount of life insurance.

Full text:
01/11/95  Senate: Presented & ordered printed, prefiled 12/07/94 LD3153701  pdf
03/07/95  Senate: Bill text as passed Senate and House (SB612ER)  pdf
03/31/95  Governor: Acts of Assembly Chapter text (CHAP0605)  pdf

Amendments:
House amendments

Status:
01/11/95  Senate: Presented & ordered printed, prefiled 12/07/94 LD3153701
01/11/95  Senate: Referred to Committee on Finance
01/31/95  Senate: Reported from Finance (15-Y 0-N)
02/01/95  Senate: Constitutional reading dispensed (39-Y 0-N)
02/01/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
02/02/95  Senate: Read second time and engrossed
02/02/95  Senate: Constitutional reading dispensed (39-Y 0-N)
02/02/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
02/02/95  Senate: Passed Senate (40-Y 0-N)
02/02/95  Senate: VOTE: PASSAGE (40-Y 0-N)
02/02/95  Senate: Communicated to House
02/03/95  House: Placed on Calendar
02/04/95  House: Read first time
02/04/95  House: Referred to Committee on Appropriations
02/17/95  House: Reported from Appropriations with amd. (20-Y 1-N)
02/20/95  House: Read second time
02/21/95  House: Read third time
02/21/95  House: Committee amendment agreed to
02/21/95  House: Engrossed by House as amended
02/21/95  House: Passed House with amendment (100-Y 0-N)
02/21/95  House: VOTE: PASSAGE EMERGENCY (100-Y 0-N)
02/23/95  Senate: Reading of amendment waived
02/23/95  Senate: House amendment agreed to by Senate (40-Y 0-N)
02/23/95  Senate: VOTE: CONCUR HOUSE AMENDMENT (40-Y 0-N)
02/23/95  Senate: Emergency clause added
03/07/95  Senate: Bill text as passed Senate and House (SB612ER)
03/14/95  Senate: Enrolled
03/14/95  Senate: Signed by President
03/16/95  House: Signed by Speaker
03/25/95  Governor: Approved by Governor-Chapter 605 (effective 3/25/95)
03/31/95  Governor: Acts of Assembly Chapter text (CHAP0605)