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2003 SESSION

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HB 928 Law Officers' and Va. Retirement Systems; increases allowance.

Introduced by: Johnny S. Joannou (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System. Increases the retirement allowance for all state and local members of the Virginia Retirement System by increasing the percentage of average final compensation that is multiplied by the amount of creditable service (i) from two percent to 2.5 percent for certain members of the Virginia Law Officers' Retirement System who are not eligible for the supplemental allowance and (ii) from 1.7 percent to two percent for all others.


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