1997 Session

Budget Amendments - HB1600 (Conference Report)

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VCCS VRS Study Language (language only)

Item 162 #11c

Item 162 #11c

Education: Higher Education
Virginia Community College System

Page 139, after line 35, insert:
"N.  The Virginia Retirement System is directed to study the feasibility, and the fiscal and policy impacts, of allowing full-time faculty of the Virginia Community College System to include in their annual earnings those earnings from summer teaching as part of their Virginia Retirement System salary contribution.  In assessing these impacts, the Virginia Retirement System shall consider the long-term implications of such action.  The Virginia Community College System shall cooperate in this study.  The Virginia Retirement System shall report its findings and recommendations to the Chairmen of the House Appropriations and Senate Finance Committees by November 1, 1997."

(This amendment is self-explanatory.)