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2005 SESSION

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HB 2083 Retirement System; purchase of prior service credit by teachers and retired teachers.

Introduced by: Vivian E. Watts | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System.  Any teacher who is a member of the Virginia Retirement System and any such retired teacher may purchase up to four years of prior service credit for service in the public school system of Canada at the rate of five percent (i) of creditable compensation at the time of purchase or (ii) of average final compensation, whichever is greater.


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