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.
The Children's Clothing Closet at Highland Springs United Methodist Church will be open Saturday, Aug. 27 and Tuesday, Aug. 30 to provide free new or nearly new children's clothing for families in need, prior to the start of the school year. The Clothing Closet will be open from 10 a.m. to noon both days. The church is located at 22 North Holly Avenue. > Read more.
Citizen Staff Reports 07/18/2016
Good Vibrations choral group is looking for all voices with some musical experience to sing with the volunteer choir. The season runs from August to November. Genre includes patriotic and inspirational. > Read more.
For our Top 10 calendar events this weekend, click here! > Read more.
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CalendarNorth Park Library will host a Summer Finale Party with cool treats and lots of fun at 3 p.m. Sponsored by the Friends of the North Park Library. For details,… Full text