2025 Regular SessionVirginia Legislature

SB950: Virginia Retirement System; increased retirement allowance for certain judges.

Legislative Summary

Virginia Retirement System; service retirement allowance for certain judges. Provides that judges appointed or elected to an original term commencing on or after July 1, 2026,  shall have their service retirement allowance determined under Plan 2. The bill also provides that the service retirement allowance for service rendered on or after July 1, 2026, by judges appointed or elected to an original term commencing on or after January 1, 2014, shall be determined under Plan 2.

Demographic Impact

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Bill History

1/6/2025
Prefiled and ordered printed; Offered 01-08-2025 25102424D
Senate
1/6/2025
Referred to Committee on Finance and Appropriations
Senate
1/17/2025
Fiscal Impact Statement from Virginia Retirement System (SB950)
Senate
1/21/2025
Reported from Finance and Appropriations with amendment (15-Y 0-N)
Senate
1/22/2025
Rules suspended
Senate
1/22/2025
Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
Senate
1/22/2025
Passed by for the day
Senate
1/23/2025
Read second time
Senate
1/23/2025
Reading of amendment waived
Senate
1/23/2025
Finance and Appropriations Amendment agreed to
Senate
1/23/2025
Engrossed by Senate as amended SB950E
Senate
1/23/2025
Printed as engrossed 25102424D-E
Senate
1/23/2025
Fiscal Impact Statement from Virginia Retirement System (SB950)
Senate
1/24/2025
Read third time and passed Senate (38-Y 0-N)
Senate
2/5/2025
Placed on Calendar
House of Delegates
2/5/2025
Read first time
House of Delegates
2/5/2025
Referred to Committee on Appropriations
House of Delegates
2/6/2025
Assigned Approps sub: Compensation and Retirement
House of Delegates
2/14/2025
Reported from Appropriations with substitute (21-Y 0-N)
House of Delegates
2/14/2025
Committee substitute printed 25107373D-H1
House of Delegates
2/18/2025
Read second time
House of Delegates
2/18/2025
Fiscal Impact Statement from Virginia Retirement System (SB950)
Senate
2/19/2025
Read third time
House of Delegates
2/19/2025
Appropriations Substitute agreed to
House of Delegates
2/19/2025
Engrossed by House - committee substitute
House of Delegates
2/19/2025
Passed House with substitute (97-Y 0-N)
House of Delegates
2/20/2025
House substitute agreed to by Senate (39-Y 0-N)
Senate
3/7/2025
Enrolled
Senate
3/7/2025
Bill text as passed Senate and House (SB950ER)
Senate
3/7/2025
Signed by Speaker
House of Delegates
3/10/2025
Signed by President
Senate
3/11/2025
Enrolled Bill Communicated to Governor on March 11, 2025
Senate
3/11/2025
Governor's Action Deadline 11:59 p.m., March 24, 2025
3/24/2025
Approved by Governor-Chapter 508 (Effective 07/01/25)
3/24/2025
Acts of Assembly Chapter text (CHAP0508)

Amendments

SFIN Sub: Resources Amendment

SFIN Sub: Resources Amendment

Not Adopted

Finance and Appropriations Amendment

Finance and Appropriations Amendment

Not Adopted

Roll Call Votes

House substitute agreed to by Senate (39-Y 0-N)
2/20/2025
39
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Passed House with substitute (97-Y 0-N)
2/19/2025
97
Yea
0
Nay
0
Not Voting
3
Absent
Result: PASSED
Reported from Appropriations with substitute (21-Y 0-N)
2/14/2025
21
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Read third time and passed Senate (38-Y 0-N)
1/24/2025
38
Yea
0
Nay
0
Not Voting
2
Absent
Result: PASSED
Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
1/22/2025
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Reported from Finance and Appropriations with amendment (15-Y 0-N)
1/21/2025
15
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Passed(3/24/2025)
Chamber
Senate

Sponsors

Documents

Chaptered
Bill Text3/24/202543.0 KB
Enrolled
Bill Text3/7/202543.2 KB
Comm Sub
Bill Text2/14/202544.0 KB
Comm Sub
Bill Text2/14/202544.1 KB
Engrossed
Bill Text1/23/20253.9 KB
Introduced
Bill Text1/6/20253.6 KB
Fiscal Note/Analysis
Fiscal Note/Analysis2/18/2025237.9 KB
Fiscal Note/Analysis
Fiscal Note/Analysis1/23/2025394.8 KB
Fiscal Note/Analysis
Fiscal Note/Analysis1/16/2025345.5 KB