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1998 SESSION

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SB 158 Retirement System; prior service credit for military service.

Introduced by: Stanley C. Walker | all patrons    ...    notes | add to my profiles

SUMMARY:

Prior service credit for military service. Allows a member of the Virginia Retirement System who has 25 or more years of creditable service to purchase prior service credit for active duty military service in a combat area during periods of military conflict at a cost of one percent of salary. Currently, such persons may purchase prior service credit for active duty military service, whether it was during a period of military conflict or not, at a cost of five percent of salary.


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