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1998 SESSION

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HB 145 Volunteer Firefighters' Pension Fund; created.

Introduced by: Barnie K. Day | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Volunteer Firefighters' Pension Fund. Creates the Virginia Volunteer Firefighters' Pension Fund under the Department of Treasury to provide retirement benefits for volunteer firefighters. Firefighters who wish to participate shall contribute $10 monthly to the Fund, and those contributions will be matched by general appropriations. A six-member board chaired by the State Treasurer shall administer the Fund. Two members of the Board must be volunteer firefighters. Pensions from the Fund are drawn in addition to any other pension to which the member is entitled.


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