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2000 SESSION

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HB 172 Retirement System; purchase of prior service credit.

Introduced by: Clarence E. (Bud) Phillips | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; purchase of prior service credit. Permits certain members of the Virginia Retirement System to purchase up to four years of prior service credit at the rate of five percent of salary for periods of prior service with certain public employers other than the Commonwealth, even if such prior service already is creditable with another retirement system. Current law prohibits such purchase if the prior service already is creditable with another retirement system. The bill contains a technical amendment.

FULL TEXT

• 01/12/00  House: Presented & ordered printed 002457884  pdf

HISTORY

• 01/12/00  House: Presented & ordered printed 002457884
• 01/12/00  House: Referred to Committee on Appropriations
• 02/08/00  House: Continued to 2001 in Appropriations (29-Y 0-N)