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2001 SESSION

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HB 1647 Retirement System; prior service credit by wage employees.

Introduced by: Allen W. Dudley | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; prior service credit. Permits state employees, for retirement benefit purposes, to purchase up to four years of prior service credit for service in a full-time hourly wage position with the Commonwealth prior to July 1, 1988. The cost to the employee is five percent of his present annual compensation for each year to be credited, or five percent of the average of his highest three years of compensation, whichever is greater.

FULL TEXT

• 01/10/01  House: Presented & ordered printed, prefiled 12/06/00 012821740  pdf | impact statement

HISTORY

• 01/10/01  House: Presented & ordered printed, prefiled 12/06/00 012821740
• 01/10/01  House: Referred to Committee on Appropriations
• 01/22/01  House: Tabled in Appropriations (28-Y 0-N)