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2007 SESSION

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HB 1637 Retirement System; increases average final compensation retirement multiplier for teachers.

Introduced by: James M. Shuler | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; average final compensation retirement multiplier for teachers.  Increases from 1.7 to 2.0 the average final compensation retirement multiplier for teachers with 10 or more years of creditable service earned as a teacher. The bill applies to teachers first retiring on or after July 1, 2007.


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