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2001 SESSION

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HB 2775 Retirement System; purchase of credit for prior military service.

Introduced by: Riley E. Ingram | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; purchase of credit for prior military service. Reduces from 180 consecutive days to 120 consecutive days the minimum length of prior military service required to qualify for prior military service that may be purchased as service credit by any vested member in the Virginia Retirement System with at least 25 years of service at the rate of five percent of salary for each year purchased, up to a maximum of four years.


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