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1996 SESSION
HB 1426 Retirement System; service retirement allowances.
Introduced by: Vincent F. Callahan, Jr. | all patrons ... notes | add to my profiles
SUMMARY:
Virginia Retirement System; service retirement allowances. Provides that VRS service retirement allowances be multiplied by 1.65 percent of average final compensation. The bill also provides that, on and after July 1, 1996, VRS members and beneficiaries shall receive an additional retirement allowance equal to five percent of their service retirement allowance.
FULL TEXT
HISTORY
- 01/22/96 House: Presented & ordered printed 967262144
- 01/22/96 House: Referred to Committee on Appropriations
- 02/09/96 House: Continued to 1997 in Appropriations (21-Y 0-N)