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2000 SESSION

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HB 272 Retirement System; purchase of prior military service credit.

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; purchase of prior military service credit. Permits vested members of the Virginia Retirement System to purchase prior service credit for active-duty service in the military at a cost of five percent of the member's current salary or highest three consecutive years of salary, whichever is greater, for each year purchased. Current law limits such purchases to four years of service credit and permits additional purchases under certain circumstances at higher costs.

FULL TEXT

• 01/12/00  House: Presented & ordered printed 002542816  pdf

HISTORY

• 01/12/00  House: Presented & ordered printed 002542816
• 01/12/00  House: Referred to Committee on Appropriations
• 02/08/00  House: Continued to 2001 in Appropriations (29-Y 0-N)