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HB 1107

Virginia Retirement System; service retirement allowance, members who return to work.

2026 Regular Session Introduced by Terry Kilgore

HB 1107 modifies Virginia's pension rules for retired members who return to work, affecting benefit calculations and state retirement system finances.

Subcommittee recommends laying on the table (5-Y 2-N)
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Bill Summary · HB 1107

Legislative bill overview

HB 1107 modifies Virginia's retirement system rules for members who receive a service retirement allowance but subsequently return to work. The bill appears to adjust how pension benefits are treated when retirees re-enter the workforce, though the specific provisions are not detailed in the available action summary. This addresses a gap in policy regarding "double-dipping" or benefit continuation for returning retirees.

Why is this important

Retirement system policies directly affect both public employees' financial security and state pension fund sustainability. How Virginia treats returning retirees influences whether the state retains experienced workers, controls long-term pension liabilities, and maintains fairness across the workforce. The fiscal impact statement from VRS indicates potential budgetary consequences requiring careful consideration.

Potential points of contention

  • Pension fund solvency: Allowing retirees to collect full benefits while working could increase long-term costs to the state pension system or require contribution increases
  • Fairness and equity: Different treatment of returning retirees versus continuous workers may create perception of inequity or incentivize early retirement strategies
  • Workforce retention: Rules may either encourage experienced workers to return (positive) or be perceived as rewarding those who've already left permanent positions (negative)

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

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