Virginia Senate Bill SB1445

Virginia 2023 Regular Session

• Introduced: 1/11/23
• Refer: 1/11/23

Caption

Virginia Retirement System; certain law-enforcement officers, part time.

Impact

The introduction of SB1445 may significantly alter the landscape of retirement benefits for part-time law-enforcement officers across Virginia. By allowing these individuals to participate more fully in the Virginia Retirement System, the bill aims to bridge the gap that exists for part-time employees who previously struggled to gain equivalent benefits in comparison to their full-time counterparts. This change is anticipated to support workforce retention and morale among officers who typically serve in a part-time capacity.

Summary

SB1445 addresses modifications to the Virginia Retirement System, specifically focusing on provisions pertinent to certain law-enforcement officers working part time. It seeks to amend current definitions and criteria related to eligibility and contributions within the retirement framework to enhance the retirement benefits available to these officers. The bill emphasizes ensuring that part-time law-enforcement personnel are acknowledged within the retirement system, which can have implications for their financial security post-employment.

Contention

The bill has drawn attention within legislative discussions, highlighting both support and concerns from different stakeholders. Supporters of SB1445 argue that the enhanced retirement provisions are a necessary recognition of the contributions made by part-time officers to public safety and community welfare. However, some detractors have raised questions about the financial ramifications of broadening retirement benefits, cautioning that this could lead to increased costs for the Virginia Retirement System and underscoring the need for sustainable funding mechanisms.