Virginia · 2025 Regular Session · Bill
HB 162: Retirement systems; financial reports, annual disclosures.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 162 is a bill introduced in the Virginia House on January 2, 2024. According to its official title, it concerns: Retirement systems; financial reports, annual disclosures. Primary sponsor: David Reid (Democratic). Most recent recorded action (November 18, 2024): Left in Appropriations.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Financial reports by retirement systems; annual disclosures. Requires retirement systems to provide disclosures describing the process and criteria used for selecting third-party fund managers, advisers, or consultants and other persons providing services to the retirement system. Such information shall be included in a retirement system's annual report.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| David Reid | Primary sponsor | Democratic | House | 28 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Appropriations
- Continued to 2025 in Appropriations (Voice Vote)
- Subcommittee recommends continuing to 2025 (Voice Vote)
- Assigned App. sub: Compensation and Retirement
- Impact statement from VRS (HB162)
- Referred to Committee on Appropriations
- Prefiled and ordered printed; offered 01/10/24 24100048D