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VA SB419
VA SB419Retirement systems; one additional year creditable service for certain individuals.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Retirement systems and creditable service. Awards an individual who has reached normal retirement age under the State Police Officers' Retirement System (SPORS) or Virginia Law Officers' Retirement System (VaLORS), as determined by relevant law, one additional year of creditable service for every five full years of creditable service earned (i) as a member of SPORS, (ii) as a member of VaLORS, or (iii) while employed by a locality that has elected to provide SPORS-benefits to its employees. This bill only affects those retirements that take place on or after July 1, 2027.
AI Summary
This bill, effective for retirements on or after July 1, 2027, grants an additional year of creditable service, which counts towards retirement benefits, for every five full years of service earned by members of the State Police Officers' Retirement System (SPORS) or the Virginia Law Officers' Retirement System (VaLORS) who are eligible for an unreduced service retirement allowance. This also applies to those who earned service credit while working for a locality that has opted to provide SPORS benefits. This additional service credit will be included in a member's total creditable service for most purposes under the retirement system, but it will not count towards determining eligibility for a specific type of retirement allowance.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Continued to next session in Finance and Appropriations (14-Y 0-N) (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/SB419 |
| Fiscal Note/Analysis - Fiscal Impact Statement from Virginia Retirement System (SB419) | https://lis.blob.core.windows.net/files/1098992.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/SB419/text/SB419 |
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