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2006 SESSION

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HB 419 Retirement System; Board shall pay cash-out amount in direct rollover to an individual plan.

Introduced by: Lacey E. Putney | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Retirement; mandatory cash-outs.  Provides that if a member does not elect a direct rollover or direct payment of a mandatory cash-out greater than $1,000, the Board of the Virginia Retirement System shall pay the cash-out amount in a direct rollover to an individual retirement plan designated by the Board.


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