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1998 SESSION

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HB 155 Retirement benefits; members of General Assembly.

Introduced by: Clifton A. Woodrum | all patrons    ...    notes | add to my profiles

SUMMARY:

Retirement benefits; members of the General Assembly. Prohibits members of the General Assembly serving their first term beginning on or after January 1, 2000, from combining creditable service as a member of the General Assembly with service as a member of the VRS, JRS, or SPORS. Member contributions, with interest, for service as a member of the General Assembly not eligible for use in calculating retirement benefits will be refunded to the member. The bill also permits members of the General Assembly who are eligible to receive a retirement allowance for service other than as a member of the General Assembly to receive a retirement allowance based on such other service while serving in the General Assembly.


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