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1995 SESSION

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HB 1888 Retirement System; increases in service retirement allowances.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Retirement System; increases in service retirement allowances. Increases the multiplier from 1.65 percent to 1.75 percent of average final compensation to compute the annual retirement allowance for regular and disabled retirees of the Virginia Retirement System, the State Police Officers' Retirement System, and the Judicial Retirement System. The bill also provides a similar increase in the multiplier for retirement allowances commencing on, before, or after July 1, 1995, that are paid to the beneficiaries of such retirees.

FULL TEXT

• 01/20/95  House: Presented & ordered printed LD3649144  pdf

HISTORY

• 01/20/95  House: Presented & ordered printed LD3649144
• 01/20/95  House: Referred to Committee on Appropriations
• 02/02/95  House: Passed by indefinitely in App. (17-Y 5-N)