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Key Votes

HB 1129 - Reduces State Employee Retirement Benefits - Key Vote

Virginia Key Votes

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Issues

Stage Details

Legislation - Referred to Committee (Senate) -
Legislation - Bill Passed (House) (74-26) - (Key vote)

Title: Reduces State Employee Retirement Benefits

Vote Smart's Synopsis:

Vote to pass a bill that reduces retirement benefits for state employees.

Highlights:
  • Reduces the retirement allowance from 1.7 percent to 1.6 percent of an employee's average final compensation multiplied by the amount of their creditable service for individuals hired on or after January 1, 2013 (Sec. 1).
  • Increases the number of highest consecutive months of creditable service used to calculate retirement benefits from 36 months to 60 months for individuals who became members of the retirement system on or after July 1, 2010 (Sec. 1).
  • Requires a retired public employee to have received a retirement allowance for at least 1 year before the individual is authorized to receive post-retirement supplements (Secs. 2 & 4).
  • Delegate Crockett-Stark was recorded as a “yea” vote, but intended to vote “nay”.
  • Delegate Herring was recorded as a “yea” vote, but intended to vote “nay”.
  • Delegate Morefield was recorded as a “yea” vote, but intended to vote “nay”.
  • Delegate O'Quinn was recorded as a “yea” vote, but intended to vote “nay”.
Legislation - Introduced (House) -

Title: Reduces State Employee Retirement Benefits

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