Below is a summary of the 2018 General Assembly’s education legislation that was given out at our VRTA Spring meeting. Note the paragraph discussing the Employee Retirement Security & Pension Reform Commission on the first page. In 2016 the General Assembly funded the Commission for four years. Their lack of action this past session is unprecedented in recent history. It is not known if or when the Commission will be revived.
The General Assembly has not yet passed a budget. It reconvenes on May 14, 2018. This would be a good time to let your Senator or Delegate know your thoughts about VRS retirement for new teachers, and that the teacher’s portion of VRS has not been fully funded for the past 25 years.