HB 987 Virginia House of Delegates · 2026 Regular Session

Virginia Retirement System; service credit for career and technical education teachers.

Summary

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 determined as follows: (i) for service earned as a member who is 45 years of age or older but younger than 55 years of age 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 55 years of age or older at the time of such service, such service shall be multiplied by the weighted years of service factor of 2.5.

Issues: ✓ Education

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 13, 2026 Last action Feb 18, 2026

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What changed between versions

Introduced → Appropriations Substitute · 4 edits

MODERATE

The bill was significantly rewritten from a specific law granting immediate enhanced retirement credits to CTE teachers into a directive requiring state agencies to study and report on potential future changes. The original text that granted 2.0 or 2.5 years of service credit to older teachers based on age and service date has been completely removed.

Scope change

The bill's scope shifted from directly altering retirement formulas to establishing a temporary review process. It now applies to the Virginia Retirement System and the Department of Education, requiring them to analyze options rather than implementing specific benefits immediately.

ELIGIBILITY

Removed specific eligibility criteria that previously granted 2.0 or 2.5 weighted years of service credit to CTE teachers aged 45 or older starting July 1, 2026.

REQUIREMENT

Added a requirement for the Virginia Retirement System and Department of Education to consult with the Legislative Audit Commission and review neighboring states' policies.

TIMELINE

Established a new deadline of November 1, 2026, for agencies to complete their analysis and report findings to legislative committees.

SCOPE

Changed the bill's purpose from enacting immediate benefit changes to directing a study on the feasibility and costs of such changes.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 18, 2026

Lower · Passed

Left in Committee Appropriations

lower

Feb 9, 2026

Lower · Passed

Subcommittee recommends laying on the table (5-Y 2-N)

lower

Feb 9, 2026

Lower · Passed

House subcommittee offered

lower

Jan 29, 2026

Committee

Assigned HAPP sub: Compensation and Retirement

lower

Jan 28, 2026

Committee

Referred from Finance and referred to Appropriations (Voice Vote)

lower

Jan 13, 2026

Committee

Referred to Committee on Finance

lower

1 primary · 0 co-sponsors