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Search the News Archive
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8 Matching News Items |
| 1. |
Richmond Times-Dispatch
Apr. 11, 2012
"Gov. Bob McDonnell has signed into law sweeping changes to Virginia's retirement system, including reduced pension benefits for employees with less than five years of service and an entirely different type of retirement plan for state and local employees hired after Jan. 1, 2014."
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| 2. |
Richmond Times-Dispatch
Mar. 12, 2012
"The last act of the General Assembly before adjourning Saturday night will change the way most future state and local employees pay for their retirement, and shift part of the pension burden to every teacher and local employee in Virginia."
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| 3. |
Richmond Times-Dispatch
Jan. 26, 2012
All public school teachers and local government employees would have to contribute 5 percent of their pay toward their retirement plan under legislation introduced in the Virginia Senate. Sen. John C. Watkins, R-Powhatan, also wants to prohibit school boards and local governing bodies from paying the employee share of their pensions as almost all school divisions and many local governments have for decades.
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| 4. |
Richmond Times-Dispatch
Jan. 25, 2012
All public school teachers and local government employees would have to contribute 5 percent of their pay toward their retirement plan under legislation introduced in the Virginia Senate.
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| 5. |
PLANSPONSOR
Jan. 15, 2012
"Virginia State workers would contribute an additional 1% toward their retirement under [the proposed plan]. McDonnell also wants to offer employees the choice of a hybrid plan combining a 401(k)-style defined contribution system with a defined benefits program, and to change the formula for cost-of-living adjustments, the Richmond Times-Dispatch reports."
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| 6. |
Richmond Times-Dispatch
Mar. 21, 2011
Rising health insurance costs have prompted companies to adopt numerous programs that provide incentives to employees to eat better, get more exercise and get regular preventive health checkups.
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| 7. |
Richmond Times-Dispatch
Mar. 29, 2010
Excerpt: Virginia is proposing to give local governments an option that many teachers don't want them to have -- requiring local employees to begin paying a share of their annual pension costs. The Virginia Education Association, which represents about 60,000 teachers and other school workers, has asked Gov. Bob McDonnell to amend the proposed state budget to eliminate the opportunity for local school boards and governing bodies to change their minds about paying the full retirement cost for current employees.
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| 8. |
Health Plan Law
Dec. 1, 2006
Excerpt: According to the Richmond Times-Dispatch (AP Wire), [State Solicitor General Steven] Sullivan argued [for the state] that the legislation is not preempted 'because it doesn't force Wal-Mart to offer health care; it gives companies the choice of spending at least 8 percent on employee health benefits or covering the costs with increased taxes.'
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