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1995 SESSION

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HB 1899 Retirement System; benefits administration.

Introduced by: George H. Heilig, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Retirement System; benefits administration. Amends various provisions in Title 51.1 that relate to benefit administration by VRS. The amendments are necessitated by requirements of certain federal laws, last year's abolition of the “social security option” in favor of the “leveling option,” and adoption of new Board policies and procedures. The bill also permits the transfer of certain years of creditable service from another retirement system by certain VRS members and contains technical amendments.


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