VirginiaRetirement systems; one additional year creditable service for certain individuals.
What it does
Retirement systems and creditable service. Awards an individual who has reached normal retirement age under the State Police Officers' Retirement System (SPORS) or Virginia Law Officers' Retirement System (VaLORS), as determined by relevant law, one additional year of creditable service for every five full years of creditable service earned (i) as a member of SPORS, (ii) as a member of VaLORS, or (iii) while employed by a locality that has elected to provide SPORS-benefits to its employees. This bill only affects those retirements that take place on or after July 1, 2027.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 3Continued to next session in Finance and Appropriations (14-Y 0-N)Latest
- Vote recorded Continued to next session in Finance and Appropriations. Result: pass.Upper
- Jan 28Fiscal Impact Statement from Virginia Retirement System (SB419)
- Jan 13Referred to Committee on Finance and AppropriationsMinor
- Jan 13Prefiled and ordered printed; Offered 01-14-2026 26102319DIntroduced
- Feb 3Continued to next session in Finance and Appropriations (14-Y 0-N)Latest