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1998 SESSION
984462322Whereas, after 27 years of service to the Commonwealth, Homer R. Martin retired on October 1, 1995; and
Whereas, prior to Mr. Martin's retirement, the Virginia Retirement System (VRS) calculated Mr. Martin's monthly retirement benefit based on figures that were certified by Virginia Polytechnic Institute and State University; and
Whereas, VRS calculated incorrectly Mr. Martin's monthly retirement benefit to be $1,530.52; and
Whereas, on September 18, 1997, the Virginia Retirement System informed Mr. Martin that, based on the miscalculation, his monthly retirement benefit would be reduced to $1,439.87; and
Whereas, Mr. Martin based his decision to retire at age 51 on the incorrect calculation, and, as a result of that miscalculation, has suffered a loss, and will continue to suffer a monthly loss of $90.65; and
Whereas, Mr. Martin has no other means to obtain relief except by action of this body; now, therefore,
Be it enacted by the General Assembly of Virginia:
1. §1. That there is hereby allocated from the funds appropriated to the Virginia Retirement System the lump sum of $906.50 payable on July 1, 1998, and monthly payments of $90.65 beginning in August of 1998 for the relief of Homer R. Martin. These amounts shall be paid by checks issued by the State Treasurer on warrants issued by the Comptroller, upon execution by Homer R. Martin of a release of all claims he may have against the Commonwealth or any of its political subdivisions or their officers, employees, or agents.