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2001 SESSION
HB 1818 Retirement System; prior service credit for public employees.
Introduced by: Alan A. Diamonstein | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Retirement System; prior service credit. Permits members of the Virginia Retirement System who have at least five years of service to purchase up to five years of service credit for prior years of service with certain public employers other than the Commonwealth. The cost to the member is five percent of salary per year of service purchased. Currently, only four years of such service credit may be purchased, and the member must have at least 25 years of service.
FULL TEXT
HISTORY
- 01/10/01 House: Presented & ordered printed, prefiled 01/03/01 010536724
- 01/10/01 House: Referred to Committee on Appropriations
- 01/22/01 House: Tabled in Appropriations (28-Y 0-N)