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HB 1055

Virginia Law Officers' Retirement System; membership includes.

2026 Regular Session Introduced by Eric Phillips

HB 1055 modifies Virginia Law Officers' Retirement System membership eligibility, with fiscal impacts prompting legislative caution and a subcommittee recommendation against passage.

Subcommittee recommends laying on the table (5-Y 2-N)
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Bill Summary · HB 1055

Legislative bill overview

HB 1055 would modify membership eligibility requirements for Virginia's Law Officers' Retirement System (LORS), though the bill text itself is not provided in the available information. Based on the title language "membership includes," the bill likely expands or clarifies which law enforcement personnel are eligible to participate in this state pension system.

Why this is important

Changes to public employee retirement system membership directly affect both state pension liabilities and the financial security of law enforcement officers. Expanding membership could increase long-term state budget obligations, while restricting membership could affect recruitment and retention in law enforcement positions. The Virginia Retirement System's fiscal impact statements indicate significant budgetary implications warranting careful analysis.

Potential points of contention

  • Fiscal cost to state budget: Multiple fiscal impact statements suggest substantial pension liability implications that may create budget pressure or require contribution increases
  • Equity among law enforcement classifications: Disagreement over which officer categories (full-time, part-time, specialized units, private security) should receive public pension benefits
  • Sustainability concerns: Questions about whether LORS can sustainably absorb additional members given current funding levels and demographic trends

Compiled from official sources — confirm details with the bill’s official record.

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