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2001 SESSION

• | print version

HB 2550 Retirement System; purchase of service credit for military service.

Introduced by: Jay K. Katzen | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; purchase of service credit for military service. Permits any vested member in service to purchase service credits for all prior military service at the rate of five percent of salary for each year of service purchased. Under current law, only members in service with 25 or more years of creditable service may purchase prior military service at the five-percent rate, and only up to four years of such prior service. Current law permits the purchase of such service in excess of four years at the rate of 15 percent of salary for each year to be credited.

FULL TEXT

• 01/10/01  House: Presented & ordered printed, prefiled 01/10/01 015400808  pdf | impact statement

HISTORY

• 01/10/01  House: Presented & ordered printed, prefiled 01/10/01 015400808
• 01/10/01  House: Referred to Committee on Appropriations
• 01/22/01  House: Tabled in Appropriations (28-Y 0-N)