Virginia Retirement System; stress testing and reporting policies.
Summary
Requires the Virginia Retirement System (VRS) to formally adopt stress testing and additional reporting policies. The bill requires VRS to analyze and regularly report on projections of benefit levels, pension costs, liabilities, and debt reduction under various scenarios; to provide a detailed online statement of investment policy and include investment performance data in certain timeframes up to 25 years; and to report investment performance and expenses such as carried interest fees.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2017
Committee Review
Feb 2017
House of Delegates Passage
Feb 2017
Senate Passage
Feb 2017
Signed into Law
Mar 2017
Introduced Jan 9, 2017
Signed Mar 20, 2017
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
17
Key actions
4
Committee
5
Mar 20, 2017
Signed into law
Approved by Governor-Chapter 639 (effective 7/1/17)
executive
Feb 6, 2017
Committee
Referred to Committee on Finance
legislature
Feb 3, 2017
Legislature · Passed
Read third time and passed House BLOCK VOTE (95-Y 0-N)
legislature
Feb 2, 2017
Legislature · Passed
Engrossed by House - committee substitute HB1768H1
legislature
Feb 2, 2017
Legislature · Passed
Committee substitute agreed to 17104819D-H1
legislature
Jan 12, 2017
Committee
Assigned App. sub: Compensation and Retirement
legislature
Jan 9, 2017
Committee
Referred to Committee on Appropriations
legislature
Jan 9, 2017
Introduced
Prefiled and ordered printed; offered 01/11/17 17103354D
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
T. Scott Garrett
RRepublican
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