Virginia Retirement System Chairman Edwin T. Burton III is pressing state lawmakers to create an optional defined contribution plan.
Under Mr. Burton's proposal, new state employees, including teachers, would have the choice of opting for the new plan or staying in the defined benefit plan. Mr. Burton said pension portability is a key reason he wants the new plan.
``Employees who do not stay until retirement do not get a good deal'' from the Richmond-based system, he said.
