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1996 SESSION

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HB 1027 Retirement System; 50/10 retirement.

Introduced by: James M. Shuler | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Retirement System; 50/10 retirement. Allows a state employee who takes a 50/10 retirement (i.e., at least age 50 with 10 years of creditable service) to contract with an institution of higher education to provide unique technical expertise for institution-sponsored projects on a part-time basis. This is an exception to the requirement that such state employees not re-enter service in full- or part-time employment with any executive branch agency for two years from the date of retirement.


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