VirginiaVirginia Retirement System; service credit for career and technical education teachers.
What it does
Virginia Retirement System; service credit for career and technical education teachers. Provides that a member of the Virginia Retirement System shall be eligible for additional years of service credit for service earned as a teacher in the field of career and technical education. The amount of service credit earned shall be as follows: (i) for service earned as a member who is more than 45 years old but less than 55 years old at the time of such service, such service shall be multiplied by the weighted years of service factor of 2.0 and (ii) for service earned as a member who is more than 55 years old at the time of such service, such service shall be multiplied by the weighted years of service factor of 2.5.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 4Left in AppropriationsLatest
- Jan 20Subcommittee recommends laying on the table (5-Y 3-N)
- Vote recorded Subcommittee recommends laying on the table (5-Y 3-N). Result: pass.Lower
- Jan 17Fiscal Impact Statement from Virginia Retirement System (HB2070)
- Jan 14Assigned Approps sub: Compensation and RetirementMinor
- Jan 7Referred to Committee on AppropriationsMinor
- Jan 7Prefiled and ordered printed; Offered 01-13-2025 25101812DIntroduced