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2007 SESSION

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SB 975 Retirement System; allows certain employees to transfer to VRS.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Retirement; teachers and administrative faculty of institutions of higher education.  Provides that teachers and administrative faculty of institutions of higher education who are covered under an optional retirement plan (in lieu of the Virginia Retirement System) and have 10 years of service with the Commonwealth may make a one-time, irrevocable election to transfer into VRS.


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