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2007 SESSION

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HB 2519 Retirement System; certain conditions apply when hiring retirees into covered positions.

Introduced by: Sal R. Iaquinto | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; hiring retirees into covered positions.  Provides that any person retired under the Virginia Retirement System may be hired into positions otherwise covered under the Virginia Retirement System without interrupting his retirement benefits for up to five years under the following conditions: (i) the person has been receiving such retirement allowance for a minimum period of time as determined by VRS; (ii) the person retired under the normal retirement provisions of his retirement program; and (iii) the person's service performed and compensation received during the period of time will not count towards his retirement benefits.


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