2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Keister
Co-Patron(s): Abbitt, Almand, Baskerville, Bloxom, Cox, Darner, Devolites, Hull, Ingram, Jones D.C., Landes, Lingamfelter, Orrock, Phillips, Plum, Pollard, Scott, Shuler, Stump, Tata, Thomas, VanYahres, Watts, Woodrum
Retiree Health Care Credit (language only)

Item 527 #3h

Item 527 #3h

Independent Agencies
Virginia Retirement System

Page 381, after line 10, insert:
"H.  The Virginia Retirement System Board of Trustees shall study the feasibility of raising the health insurance credit for retired public school teachers to the level provided to retired state employees.  As part of this study, the Board shall examine the feasibility of funding this benefit through the retirement trust funds while considering the constitutional, actuarial, legal, and administrative impact of such a funding approach."

(This amendment requires the VRS Board of Trustees to study the feasibility of funding the health insurance credit for retired teachers at the same level as provided to retired state employees.)