SEARCH SITE
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.
2014 SESSION
14100219DBe it enacted by the General Assembly of Virginia:
1. That § 51.1-303 of the Code of Virginia is amended and reenacted as follows:
§ 51.1-303. Creditable service.
A. For those members in service on December 31, 1994, service
as a judge shall be multiplied by a factor of 3.5, the weighted years of
service factor, to calculate years of creditable service. To calculate years of
creditable service for those members appointed or elected to an original term
commencing on or after January 1, 1995, service as a judge shall be multiplied
by the weighted years of service factor of 2.5. To calculate
years of creditable service for those members appointed or elected to an
original term commencing on or after July 1, 2010, the following formula shall
be used: if (i) the member was less than 45 years old at the time he was
appointed or elected to such original term, then service as a judge shall be
multiplied by the weighted years of service factor of 1.5, (ii) the member was
at least 45 years old but less than 55 years old at the time he was appointed
or elected to such original term, then service as a judge shall be multiplied
by the weighted years of service factor of 2.0, and (iii) the member was at
least 55 years old at the time he was appointed or elected to such original
term, then service as a judge shall be multiplied by the weighted years of
service factor of 2.5. For purposes of this section,
"original term" means the first term for which the member was
appointed or elected to a position covered by the Judicial Retirement System.
B. Service qualifying for credit under the provisions of the Virginia Retirement System, the State Police Officers' Retirement System, and the Virginia Law Officers' Retirement System shall be included as creditable service for the purposes of this chapter, provided the requirements of those systems for crediting service have been complied with. Service purchased in accordance with the provisions of § 51.1-142.2 shall not be considered in determining the actuarial equivalent for early retirement nor shall it be considered twice in determining any disability allowance payable under this chapter.
C. If a member ceases to be a judge, has not received a refund of the accumulated contributions credited to his member's contribution account, and accepts employment in a position covered by the Virginia Retirement System, he shall be entitled to credit for his previous creditable service under this chapter. The amount of service transferred to the credit of the member in the Virginia Retirement System shall not exceed the amount of credit which would provide a benefit of 78 percent of average final compensation determined on the assumption that the member was eligible for normal retirement as of the date of transfer and that he had elected no optional allowance. Future retirement rights shall be as provided in the Virginia Retirement System.