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2000 SESSION

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SB 57 Retirement System; member contributions.

Introduced by: Malfourd W. Trumbo | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; member contributions. Requires that the member's contribution to the Virginia Retirement System (five percent of creditable compensation) for local and state employees be paid by the member's employer. Under current law, such contribution by the employer is permissive. The Commonwealth and most localities currently pay the contribution on behalf of employees.


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