Wednesday, February 16, 2011

VRS Victory - Are We There Yet?

It is never over until it is over, but it appears that we have a major victory. When VEA ended up being the only organization standing in opposition to Chairman Putney’s HB2410, which imposed the 5% employee contribution to VRS and weakened VRS by providing a defined contribution plan to future hires, I hoped and prayed that we were doing the right thing.

We were! Delegate Putney announced, when presenting his bill to the Senate Finance Committee today, that teachers and local government employees are now left out of the bill. I personally thanked Delegate Putney after the meeting.

Although, there may be efforts on the part of the House, in the budget deliberations, to revisit this issue – our chances of successfully avoiding the imposition of the 5% employee contribution and defending VRS have improved dramatically.

Thanks to each of you who took the time to write your legislator in opposition to HB2410. You made a difference