VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2011 SESSION

• history | hilite | pdf | print version

11103031D
HOUSE BILL NO. 2152 Offered January 12, 2011 Prefiled January 12, 2011 A BILL to amend the Code of Virginia by adding a section numbered 51.1-142.4, relating to the Virginia Retirement System; purchase of prior service credit. ---------- Patron-- Cline ---------- Referred to Committee on Appropriations ----------

Be it enacted by the General Assembly of Virginia:

1.  That the Code of Virginia is amended by adding a section numbered 51.1-142.4 as follows:

§ 51.1-142.4. Purchase of additional prior service credit by certain retirees.

In addition to the four years of prior service credit that a retired member may have purchased while he was an active member under clause (ii) of subdivision B 1 of § 51.1-142.2, a retired member may purchase up to a maximum of one additional year of prior service credit for creditable service as a law-enforcement officer of a political subdivision of the Commonwealth that does not have a retirement plan administered by the Virginia Retirement System as certified by the political subdivision. Except as otherwise required by Chapter 1223 of Title 10 of the United States Code, the service credit made available under this section may not be purchased if, before being purchased or at the time of such purchase pursuant to this section, the service to be purchased is service that is included in the calculation of any retirement allowance received or to be received by the member from this or any other retirement system.

The cost at the time of purchase of the additional year of service credit (or portion thereof) pursuant to this section, shall be five percent of the retiree's average final compensation.