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.
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Reynolds CC to host sculptor Paul DiPasquale


Reynolds Community College will host Richmond sculptor Paul DiPasquale Sept. 28 as he shares his presentation “Art Talk, Why Art Matters” from 6 p.m. to 8 p.m. in the Conference Center Gallery of the Workforce Development and Conference Center on the Parham Road Campus, located at 1651 E. Parham Road in Richmond. This event is free and open to the public. > Read more.

Free children’s clothing for those in need

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.
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Weekend Top 10


For our Top 10 calendar events this weekend, click here! > Read more.

 

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MEDARVA Stony Point Surgery Center is educating the senior community regarding their overall health and giving them the opportunity to make a doctor’s appointment. The fall health sessions are on… Full text

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