Farrell’s bill would give localities right to establish retirement plans
Del. Peter Farrell, R- Henrico, is sponsoring legislation that would give local governments the option to establish and maintain a defined retirement plan for its employees in lieu of other retirement plans. Farrell said this bill was part of his priority to give local governments the option of having more power to govern its own citizens.
“Respecting [local governments’] ability to self-govern in a measured way is important,” Farrell said. “They have the right and capability to make decisions on their own.”
The bill, HB 1331, is also supported by Del. Mark Cole, R-Fredericksburg.
Cole said he did not see the bill as placing more responsibilities with local governments, but rather as giving them more options to help their employees.
“It does not require any localities to provide such a plan,” Cole wrote in an email. “But just allows them to do so if they wish.”
The legislation provides that each locality may establish a local retirement system that provides a service retirement allowance to each employee who retires at age 65 or older.
The allowance must equal or exceed two-thirds of the service retirement allowance to which the employee would have been entitled to under the defined benefit plan of the Virginia Retirement System.
The bill, which is currently awaiting a vote in the Appropriations Committee, would affect employees hired on or after July 1.
Citizen Staff Reports 04/29/2016
Every week, another child is diagnosed with cancer in Central Virginia. Last summer, six-year-old Caroline Morris was one of them.
Diagnosed in June 2015 with acute lymphoblastic leukemia, the most common type of childhood cancer, Morris has been receiving treatment at Children’s Hospital of Richmond at VCU (CHoR) ever since.
“It’s not my hair that makes my beauty,” said Morris, who lost her hair as a chemotherapy side effect, “it’s my heart.” > Read more.
Citizen Staff Reports 04/25/2016
The sign up period for the Richmond Community Solar Co-op will close on April 30. Nearly 150 homeowners and businesses have joined the group to save money and make going solar easier. The group has started installations and is working with VA SUN to learn about solar technology and the process of going solar.
“If you’ve ever thought about going solar, this is a great opportunity to do so,” said Sekar Veerappan Co-op member and the group’s first installation. “Working with the group helps members learn about going solar and make an informed decision.” > Read more.
For our Top 10 calendar events this weekend, click here! > Read more.
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CalendarThe HATTBox Players, a resident troupe of youth actors ages 8-18 at HATTheatre, will present “Masquerade” at 7:30 p.m. May 6-7 and at 2 p.m. May 8. This award winning… Full text