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2001 SESSION

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SB 854 Retirement System; prior service credit by wage employees.

Introduced by: W. Roscoe Reynolds | 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 one year of prior service credit for service in a full-time hourly wage position with the Commonwealth prior to July 1, 1988. The cost to purchase twelve months of service is five percent of his present annual compensation or five percent of the average of his highest three years of compensation, whichever is greater.

FULL TEXT

• 01/10/01  Senate: Presented & ordered printed, prefiled 12/20/00 017016524  pdf | impact statement

HISTORY

• 01/10/01  Senate: Presented & ordered printed, prefiled 12/20/00 017016524
• 01/10/01  Senate: Referred to Committee on Finance
• 01/24/01  Senate: Incorporated by Fin. (SB1077-Miller, K.G.) by voice vote