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2001 SESSION

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SB 97 Retirement System; prior service credit for military service.

Introduced by: Phillip P. Puckett | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Prior service credit for military service. Allows a member of the Virginia Retirement System who has 25 or more years of creditable service to purchase prior service credit for active duty military service at a cost of one percent of salary if the service was in (i) a combat theater of operation during world War II, (ii) an area designated as a combat zone pursuant to the Internal Revenue Code, (iii) a qualified hazardous duty area defined in P.L. 104-117, or (iv) Somalia during the conduct of Operation Restore Hope. Currently, such persons may purchase prior service credit for active duty military service, whether it was in the specified areas or not, at a cost of five percent of salary.

FULL TEXT

• 01/12/00  Senate: Presented & ordered printed 002310516  pdf

HISTORY

• 01/12/00  Senate: Presented & ordered printed 002310516
• 01/12/00  Senate: Referred to Committee on Finance
• 02/09/00  Senate: Continued to 2001 in Finance (16-Y 0-N)
• 12/21/00  Senate: Left in Finance