SB950
Virginia Retirement System; increased retirement allowance for certain judges.
Summary
As Introduced. Virginia Retirement System; increased retirement allowance for certain judges.
Provides that a judge appointed or elected to an original term commencing on or after July 1, 2025, who was at least 55 years old at the time he was appointed or elected to such original term, shall have his service retirement allowance determined under the provisions of the Virginia ... (More) Retirement System that apply to a judge appointed or elected to an original term prior to January 1, 2013, and who was vested on or before January 1, 2013. Under current law, the service retirement allowance for judges appointed or elected to an original term commencing on or after January 1, 2014, are determined under the provisions of the hybrid retirement program. (Less)-
Bill History
- 01/06/2025 - Senate: Prefiled and ordered printed; Offered 01-08-2025 25102424D
- 01/06/2025 - Senate: Referred to Committee on Finance and Appropriations
- 01/17/2025 - Senate: Fiscal Impact Statement from Virginia Retirement System (SB950)
- 01/21/2025 - Senate: Reported from Finance and Appropriations with amendment (15-Y 0-N)
- 01/22/2025 - Senate: Rules suspended
- 01/22/2025 - Senate: Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
- 01/22/2025 - Senate: Passed by for the day
- 01/23/2025 - Senate: Read second time
- 01/23/2025 - Senate: Reading of amendment waived
- 01/23/2025 - Senate: Finance and Appropriations Amendment agreed to
- 01/23/2025 - Senate: Engrossed by Senate as amended SB950E
- 01/23/2025 - Senate: Printed as engrossed 25102424D-E
- 01/23/2025 - Senate: Fiscal Impact Statement from Virginia Retirement System (SB950)
- 01/24/2025 - Senate: Read third time and passed Senate (38-Y 0-N)
- 02/05/2025 - House: Placed on Calendar
- 02/05/2025 - House: Read first time
- 02/05/2025 - House: Referred to Committee on Appropriations
- 02/06/2025 - House: Assigned Approps sub: Compensation and Retirement
- 02/13/2025 - House: Placed on Appropriations Agenda
- 02/14/2025 - House: Reported from Appropriations with substitute (21-Y 0-N)
- 02/14/2025 - House: Committee substitute printed 25107373D-H1
- 02/18/2025 - House: Read second time
- 02/18/2025 - Senate: Fiscal Impact Statement from Virginia Retirement System (SB950)
- 02/19/2025 - House: Read third time
- 02/19/2025 - House: Appropriations Substitute agreed to
- 02/19/2025 - House: Engrossed by House - committee substitute
- 02/19/2025 - House: Passed House with substitute (97-Y 0-N)
- 02/20/2025 - Senate: House substitute agreed to by Senate (39-Y 0-N)
- 03/07/2025 - Senate: Enrolled
- 03/07/2025 - Senate: Bill text as passed Senate and House (SB950ER)
- 03/07/2025 - House: Signed by Speaker
- 03/10/2025 - Senate: Signed by President
- 03/11/2025 - Senate: Enrolled Bill Communicated to Governor on March 11, 2025
- 03/11/2025 - Governor's Action Deadline 11:59 p.m., March 24, 2025
- 03/24/2025 - Approved by Governor-Chapter 508 (Effective 07/01/25)
- 03/24/2025 - Acts of Assembly Chapter text (CHAP0508)
