republic-os/legislation/us/states/va/2024/sb-458.md

---
type: "Bill"
title: "Virginia Retirement System; plan credits and accounts."
description: "Virginia Retirement System; plan credits and accounts. Allows members of the Virginia Retirement System to purchase service credit for prior full-time active duty military service of at least 180 consecutive days in any federally established branch of the armed services. Under current law, such purchases are restricted to prior full-time active duty military service of at least 180 consecutive days in the United States Army, Navy, Air Force, Marines, or Coast Guard. The bill also provides that any funds or other property held in a Virginia Retirement System defined contribution plan, deferred compensation plan, or cash match plan remaining unclaimed for more than five years shall be presumed abandoned under the Virginia Disposition of Unclaimed Property Act and may escheat to the state treasury. Under current law, the Act does not apply to any Virginia Retirement System defined benefit plan funds or other property. This bill is identical to HB 70."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2024"
identifier: "SB 458"
citation: "Virginia SB 458 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["David W. Marsden"]
version_count: 3
action_count: 25
vote_count: 6
first_action: "2024-01-09"
last_action: "2024-04-02"
source: "openstates"
source_identifier: "ocd-bill/aaa26aed-7573-4f4e-8b78-d1f429bb778e"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB458"
source_hash: "2380501caa1f0075ff47f1fb2d80db4f4b2e058adf3d1bb26c54b0e80e80a2a3"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia SB 458 (2024) — Virginia Retirement System; plan credits and accounts.

Virginia Retirement System; plan credits and accounts. Allows members of the Virginia Retirement System to purchase service credit for prior full-time active duty military service of at least 180 consecutive days in any federally established branch of the armed services. Under current law, such purchases are restricted to prior full-time active duty military service of at least 180 consecutive days in the United States Army, Navy, Air Force, Marines, or Coast Guard. The bill also provides that any funds or other property held in a Virginia Retirement System defined contribution plan, deferred compensation plan, or cash match plan remaining unclaimed for more than five years shall be presumed abandoned under the Virginia Disposition of Unclaimed Property Act and may escheat to the state treasury. Under current law, the Act does not apply to any Virginia Retirement System defined benefit plan funds or other property. This bill is identical to HB 70.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **CHAP0353** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0353)
2. **Prefiled and ordered printed; offered 01/10/24 24100812D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB458)
3. **SB458ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB458ER)

## Votes

- Reported from Finance and Appropriations (15-Y 0-N) — **15–0** (pass) · upper
- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
- Reported from Appropriations (22-Y 0-N) — **22–0** (pass) · lower
- Read third time and passed Senate (40-Y 0-N) — **40–0** (pass) · upper
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper

## Sponsors

- David W. Marsden — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-01-09** Prefiled and ordered printed; offered 01/10/24 24100812D `filing, introduction`
- **2024-01-09** Referred to Committee on Finance and Appropriations `referral-committee`
- **2024-01-12** Impact statement from VRS (SB458)
- **2024-02-06** Reported from Finance and Appropriations (15-Y 0-N) `committee-passage`
- **2024-02-07** Constitutional reading dispensed (40-Y 0-N)
- **2024-02-08** Read second time and engrossed `reading-2`
- **2024-02-08** Constitutional reading dispensed (40-Y 0-N)
- **2024-02-08** Read third time and passed Senate (40-Y 0-N) `passage, reading-3`
- **2024-02-14** Placed on Calendar
- **2024-02-14** Read first time `reading-1`
- **2024-02-14** Referred to Committee on Appropriations `referral-committee`
- **2024-02-19** Reported from Appropriations (22-Y 0-N) `committee-passage`
- **2024-02-21** Read second time `reading-2`
- **2024-02-22** Read third time `reading-3`
- **2024-02-22** Passed House BLOCK VOTE (99-Y -0-N) `passage`
- **2024-02-22** VOTE: Block Vote Passage (99-Y 0-N) `passage`
- **2024-02-27** Enrolled `enrolled`
- **2024-02-27** Bill text as passed Senate and House (SB458ER) `passage`
- **2024-02-27** Impact statement from VRS (SB458ER)
- **2024-02-27** Signed by Speaker `passage`
- **2024-03-01** Signed by President `passage`
- **2024-03-11** Enrolled Bill Communicated to Governor on March 11, 2024 `enrolled`
- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
- **2024-04-02** Approved by Governor-Chapter 353 (effective 7/1/24) `executive-signature`
- **2024-04-02** Acts of Assembly Chapter text (CHAP0353)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/aaa26aed-7573-4f4e-8b78-d1f429bb778e`. Confidence: reported (aggregated from official Virginia legislature records).