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2000 SESSION
002494660Be it enacted by the General Assembly of Virginia:
1. That § 51.1-811 of the Code of Virginia is amended and reenacted as follows:
§ 51.1-811. Eligibility for retirement; retirement allowance.
Any member of a police department who has completed twenty twenty-five years of
service in the department and attained the age of fifty years may retire and
receive the pension and benefits provided in this section. Upon retirement, a member
shall receive a retirement allowance, payable to the member for life, equal to
fifty percent of the member's annual salary, computed on the basis of the last
three years of service and an additional amount equal to two percent of the
member's salary for each year of service after the age of fifty and after
twenty twenty-five years of service in the department.