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1999 SESSION
HB 1708 Virginia Retirement System; social security option participants.
Introduced by: Clarence E. Phillips | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Virginia Retirement System; social security option participants. Directs the Virginia Retirement System (VRS) to re-compute and increase the basic benefit, which is calculated when the retiree reaches age 65, by the total annual cost-of-living adjustments received by the retiree under the Virginia Retirement System from the date the retiree began receiving benefits until the retiree reaches age 65.
SUMMARY AS INTRODUCED:
Virginia Retirement System; social security option participants. Directs the Virginia Retirement System (VRS) to re-compute and increase the basic benefit, which is calculated when the retiree reaches age 65, by the total annual cost-of-living adjustments received by the retiree under the Virginia Retirement System from the date the retiree began receiving benefits until the retiree reaches age 65.