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1998 SESSION

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HB 168 Retirement System; normal retirement.

Introduced by: Franklin P. Hall | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Retirement System; normal retirement. Provides as an alternative date for normal retirement, the completion of 30 years of creditable service. Under current law a member's 65th birthday is his normal retirement date. Under this bill, the revised definition will apply to employees of political subdivisions unless the locality specifically opts out by July 1, 1998.


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