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2002 SESSION

• | print version

HB 682 Retirement System; purchase of service credit.

Introduced by: Robert Hurt | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; purchase of service credit. Permits any member in service who (i) is involuntarily terminated from his job with a county for any reason other than for his own conduct, (ii) is within five years of being eligible for an unreduced service retirement allowance at the time of such termination, and (iii) at the time of such termination, is employed by a county that has suffered job losses of ten percent or more due to federal trade policies since 1993, to purchase up to five years of creditable service at the rate of five percent of his creditable compensation or five percent of his average final compensation, whichever is greater, for each year purchased.

FULL TEXT

• 01/09/02  House: Presented & ordered printed, prefiled 01/09/02 026239778  pdf | impact statement

HISTORY

• 01/09/02  House: Presented & ordered printed, prefiled 01/09/02 026239778
• 01/09/02  House: Referred to Committee on Appropriations
• 02/01/02  House: Stricken from docket by Appropriations (25-Y 0-N)