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1998 SESSION

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HB 347 Retirement System; administration of benefits.

Introduced by: Glenn R. Croshaw | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Retirement System; administration of benefits. Requires a retiring employee, who has previously retired from service, to elect the same benefit payment option for his second or subsequent retirement that he selected upon his original retirement. The bill also allows the VRS Board to determine the method for filing beneficiary designations and allows certain death benefits to be paid in the order provided in the Code for retirement contributions if no beneficiary designation has been made.


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