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2001 SESSION

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SB 895 Retirement allowances under VRS, SPORS and VLORS.

Introduced by: W. Roscoe Reynolds | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Retirement allowances under the Virginia Retirement System, State Police Officers' Retirement System, and Virginia Law Officers' Retirement System. Increases the retirement allowances paid under the Virginia Retirement System, State Police Officers' Retirement System, and Virginia Law Officers' Retirement System by increasing from 1.7 percent to 2.0 percent the percentage of average final compensation multiplied by the years of creditable service for purposes of computing a member's retirement allowance.


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