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2008 SESSION

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HB 981 Retirement System; benefits for local law-enforcement officers.

Introduced by: David A. Nutter | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Retirement System; local law-enforcement officers.  Requires localities choosing to provide retirement benefits to local law-enforcement officers that are comparable to the benefits provided to state police officers, to compute a factor in the retirement benefits by multiplying average final compensation by 1.85%.  Under current law the localities may choose a multiplier of 1.7% or 1.85%.


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