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2000 SESSION

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SB 167 Retirement System; health insurance credits for retired teachers.

Introduced by: Phillip P. Puckett | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; health insurance credits for retired school division employees. Extends the health insurance credit of two and one-half dollars per month for each year of creditable service, with a monthly maximum of $75.00, currently available to retired teachers, to retired school division employees who participated in the VRS and have at least 15 years of creditable service. This would cover school division employees not included under the definition of a teacher, including, but not limited to, bus drivers, janitors, teachers aides, and cafeteria and clerical workers. Under current law, such employees are entitled to a credit of only one and one-half dollars per month for each year of creditable service, with a monthly maximum of $45.00. The bill also allows retired school division employees to receive the credit if, after leaving school division service, they worked for a local government which does not elect to provide a retiree health insurance credit.


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