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2000 SESSION

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HB 147 Retirement System; service retirement allowance.

Introduced by: Robert Tata | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; service retirement allowance. Provides an additional retirement allowance for employees and teachers who retire with more than 30 years of creditable service, and removes the ceiling on the health insurance credit provided to them. The additional allowance is equal to one percent of the employee's average final compensation multiplied by the amount by which his creditable service exceeds 30 years. Other statutory provisions regarding the health insurance credit provided in cases of disability are modified to conform to the removal of the ceiling on such credits. The bill does not apply to any person who retires prior to July 1, 200l.

FULL TEXT

• 01/12/00  House: Presented & ordered printed 008640948  pdf

HISTORY

• 01/12/00  House: Presented & ordered printed 008640948
• 01/12/00  House: Referred to Committee on Appropriations
• 02/10/00  House: Continued to 2001 in Appropriations (28-Y 1-N)