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.

1996 SESSION

• | print version

HB 344 Retirement System; prior service credit for armed forces members.

Introduced by: Joseph P. Johnson, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Purchases of Virginia Retirement Service credit for prior service. Reduces the cost of prior service credit for years of active duty service in the armed forces from 15 percent to five percent of annual compensation. A member of the Virginia Retirement System wishing to buy service credit for his military service would be able to buy it for an amount equal to the greater of (i) five percent of his present annual compensation for each year to be credited or (ii) five percent of his average annual creditable compensation during his 36 highest consecutive months of creditable service.

FULL TEXT

• 01/15/96  House: Presented & ordered printed 964652308  pdf

HISTORY

• 01/15/96  House: Presented & ordered printed 964652308
• 01/15/96  House: Referred to Committee on Appropriations
• 02/08/96  House: Passed by indefinitely in App. (22-Y 0-N)