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2011 SESSION

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SB 1383 Retirement System; certain retirees hired as law-enforcement officers of certain towns.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Virginia Retirement System; retirees hired as law-enforcement officers of certain towns.  Provides that a person retired under the Local Enforcement Officers' Retirement System, the State Police Officers' Retirement System, or the Virginia Law Officers' Retirement System may be hired by a town with a population of less than 10,000 as its Chief Law-Enforcement Officer without interruption of his retirement allowance under the following conditions: (i) the person has attained age 50 and has been retired for at least one full calendar year (or such longer period as established by the Board of the Virginia Retirement System) prior to commencing employment; (ii) the person has not retired pursuant to an early retirement incentive; (iii) the person did not voluntarily resign or voluntarily retire under the Workforce Transition Act of 1995; and (iv) the hiring town pays to the Virginia Retirement System, during the person's employment, the employer share of the retirement funding contribution that would otherwise be due if the person were a covered employee.


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