VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2000 SESSION

• | print version

SB 132 Deferred retirement option program.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Deferred retirement option program. Establishes a deferred retirement option program for state employees, state police officers, local government employees, teachers, and judges. To participate in the program, members must be eligible to retire under the Virginia Retirement System, State Police Officers' Retirement System, Virginia Law Officers' Retirement System or Judicial Retirement System with unreduced benefits. The employee continues working during the period of his participation in the program, not to exceed five years, during which time an amount equal to the amount of the monthly retirement benefit that he would have received, if he had retired instead of enrolling in the program, is deposited monthly in a deferred retirement option account. The deferred retirement option account balance, with interest, shall be paid to the participant when he retires. The bill has a delayed effective date of July 1, 2001.

FULL TEXT

• 01/12/00  Senate: Presented & ordered printed 002527412  pdf

HISTORY

• 01/12/00  Senate: Presented & ordered printed 002527412
• 01/12/00  Senate: Referred to Committee on Finance
• 02/09/00  Senate: Passed by indefinitely in Finance (16-Y 0-N)