Fabio
85 lines
5.5 KiB
Markdown
85 lines
5.5 KiB
Markdown
---
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type: "Bill"
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title: "Virginia Retirement System; employer contributions."
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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 HB 473."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2022"
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identifier: "SB 70"
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citation: "Virginia SB 70 (2022)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Stephen D. Newman"]
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version_count: 3
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action_count: 22
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vote_count: 5
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first_action: "2022-01-04"
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last_action: "2022-04-08"
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source: "openstates"
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source_identifier: "ocd-bill/19cfb594-79ba-4ba1-8b86-423ca435e55a"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+SB70"
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source_hash: "d57a8706f95f602e125d51932bff2c5bd07910b64f0798cd25247170fd1d5f80"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia SB 70 (2022) — Virginia Retirement System; employer contributions.
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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 HB 473.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **CHAP0229** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0229)
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2. **Prefiled and ordered printed; offered 01/12/22 22100418D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB70)
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3. **SB70ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB70ER)
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## Votes
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- Reported from Appropriations (21-Y 0-N) — **21–0** (pass) · lower
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Reported from Finance and Appropriations (16-Y 0-N) — **16–0** (pass) · upper
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- Read third time and passed Senate (39-Y 0-N) — **39–0** (pass) · upper
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- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
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## Sponsors
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- Stephen D. Newman — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2022-01-04** Prefiled and ordered printed; offered 01/12/22 22100418D `introduction`
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- **2022-01-04** Referred to Committee on Finance and Appropriations `referral-committee`
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- **2022-01-13** Impact statement from VRS (SB70)
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- **2022-02-01** Reported from Finance and Appropriations (16-Y 0-N) `committee-passage`
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- **2022-02-02** Constitutional reading dispensed (40-Y 0-N)
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- **2022-02-03** Read second time and engrossed `reading-2`
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- **2022-02-04** Read third time and passed Senate (39-Y 0-N) `passage, reading-3`
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- **2022-02-21** Placed on Calendar
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- **2022-02-21** Read first time `reading-1`
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- **2022-02-21** Referred to Committee on Appropriations `referral-committee`
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- **2022-02-23** Reported from Appropriations (21-Y 0-N) `committee-passage`
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- **2022-02-25** Read second time `reading-2`
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- **2022-02-28** Read third time `reading-3`
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- **2022-02-28** Passed House BLOCK VOTE (99-Y 0-N) `passage`
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- **2022-02-28** VOTE: Block Vote Passage (99-Y 0-N)
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- **2022-03-02** Enrolled
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- **2022-03-02** Signed by Speaker
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- **2022-03-03** Impact statement from VRS (SB70ER)
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- **2022-03-03** Signed by President
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- **2022-03-11** Enrolled Bill Communicated to Governor on March 11, 2022
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- **2022-03-11** Governor's Action Deadline 11:59 p.m., April 11, 2022
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- **2022-04-08** Approved by Governor-Chapter 229 (effective - see bill) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/19cfb594-79ba-4ba1-8b86-423ca435e55a`. Confidence: reported (aggregated from official Virginia legislature records).
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