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2008 SESSION

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SB 110 Retirement benefits; applicable to certain public safety officers and state police officers.

Introduced by: Ryan T. McDougle | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Retirement benefits; public safety officers and state police officers. Makes legislation passed by the 2007 Session of the General Assembly that increased retirement benefits for certain sheriffs, deputy sheriffs, public safety officers, and state police officers applicable to persons who retired from service on or after July 1, 2002. Under the 2007 legislation, among other changes, the average final compensation retirement multiplier for sheriffs and state police officers was increased from 1.7 percent to 1.85 percent, and all deputy sheriffs of localities participating in the Virginia Retirement System were provided LEOs retirement benefits.

For any such person who retired from service on or after July 1, 2002, but before July 1, 2007, any increase in retirement benefits as a result of the bill would be made available on a prospective basis beginning July 1, 2008.


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