republic-os/legislation/us/states/va/2022/hb-473.md

---
type: "Bill"
title: "Virginia Retirement System; employer contributions."
description: "Virginia Retirement System; employer contributions. Separates the employer contribution for Virginia Retirement System (VRS) employers participating in the Hybrid Retirement Plan into defined benefit and defined contribution components. The bill requires the Board of Trustees of VRS to certify to each employer their defined benefit contribution rate and to provide to each employer their estimated defined contribution amounts. Under current law, VRS is required to determine a single combined employer contribution rate that includes both the defined benefit and defined contribution provisions. Employer contributions are then applied first to the defined contribution component of the hybrid retirement program, with the remainder applied to the defined benefit component. The substantive provisions of the bill have a delayed effective date of July 1, 2024. However, the bill directs VRS to make the preparations necessary for full implementation of the bill beginning July 1, 2022. This bill is identical to SB 70."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2022"
identifier: "HB 473"
citation: "Virginia HB 473 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["David L. Bulova"]
version_count: 3
action_count: 23
vote_count: 6
first_action: "2022-01-11"
last_action: "2022-03-02"
source: "openstates"
source_identifier: "ocd-bill/db237725-269a-4949-8ece-d978b13aef99"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB473"
source_hash: "4a1d9f6e8bcdaafe849dff76589962d61b4596a017ad140e89f039942e2a8041"
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 HB 473 (2022) — Virginia Retirement System; employer contributions.

Virginia Retirement System; employer contributions. Separates the employer contribution for Virginia Retirement System (VRS) employers participating in the Hybrid Retirement Plan into defined benefit and defined contribution components. The bill requires the Board of Trustees of VRS to certify to each employer their defined benefit contribution rate and to provide to each employer their estimated defined contribution amounts. Under current law, VRS is required to determine a single combined employer contribution rate that includes both the defined benefit and defined contribution provisions. Employer contributions are then applied first to the defined contribution component of the hybrid retirement program, with the remainder applied to the defined benefit component. The substantive provisions of the bill have a delayed effective date of July 1, 2024. However, the bill directs VRS to make the preparations necessary for full implementation of the bill beginning July 1, 2022. This bill is identical to SB 70.

## Version chain

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

1. **CHAP0009** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0009)
2. **HB473ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB473ER)
3. **Prefiled and ordered printed; offered 01/12/22 22100416D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB473)

## Votes

- Subcommittee recommends reporting (7-Y 0-N) — **7–0** (pass) · lower
- Reported from Appropriations (22-Y 0-N) — **22–0** (pass) · lower
- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
- Reported from Finance and Appropriations (16-Y 0-N) — **16–0** (pass) · upper
- VOTE: Block Vote Passage (100-Y 0-N) — **99–0** (pass) · lower
- Passed Senate (40-Y 0-N) — **40–0** (pass) · upper

## Sponsors

- David L. Bulova — primary (person)

## Timeline

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

- **2022-01-11** Prefiled and ordered printed; offered 01/12/22 22100416D `introduction`
- **2022-01-11** Referred to Committee on Appropriations `referral-committee`
- **2022-01-13** Impact statement from VRS (HB473)
- **2022-01-19** Assigned App. sub: Compensation and Retirement `referral-committee`
- **2022-01-27** Subcommittee recommends reporting (7-Y 0-N)
- **2022-01-31** Reported from Appropriations (22-Y 0-N) `committee-passage`
- **2022-02-02** Read first time `reading-1`
- **2022-02-03** Read second time and engrossed `reading-2`
- **2022-02-04** Read third time and passed House Block Vote (100-Y 0-N) `passage, reading-3`
- **2022-02-04** VOTE: Block Vote Passage (100-Y 0-N)
- **2022-02-07** Constitutional reading dispensed
- **2022-02-07** Referred to Committee on Finance and Appropriations `referral-committee`
- **2022-02-15** Reported from Finance and Appropriations (16-Y 0-N) `committee-passage`
- **2022-02-16** Constitutional reading dispensed (39-Y 0-N)
- **2022-02-17** Read third time `reading-3`
- **2022-02-17** Passed Senate (40-Y 0-N) `passage`
- **2022-02-21** Enrolled
- **2022-02-21** Signed by President
- **2022-02-22** Impact statement from VRS (HB473ER)
- **2022-02-22** Signed by Speaker
- **2022-02-24** Enrolled Bill communicated to Governor on February 24, 2022
- **2022-02-24** Governor's Action Deadline 11:59 p.m., March 3, 2022
- **2022-03-02** Approved by Governor-Chapter 9 (effective 7/1/24) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/db237725-269a-4949-8ece-d978b13aef99`. Confidence: reported (aggregated from official Virginia legislature records).