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2005 Session

Budget Amendments - HB1500 (Conference Report)

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VRS Benefits for Gov't Employees Called to Active Duty (language only)

Item 4-6.03 #1c

Item 4-6.03 #1c

Positions and Employment
Employee Benefits

Language
Page 594, after line 29, insert:
"i. When calculating the retirement benefits payable under the Virginia Retirement System (VRS), the State Police Officers' Retirement System (SPORS), the Virginia Law-enforcement Officers' Retirement System (VaLORS), or the Judicial Retirement System (JRS) to any employee of the Commonwealth or its political subdivisions who is called to active duty with the armed forces of the United States, including the United States Coast Guard, the Virginia Retirement System shall:
1) utilize the pre-deployment salary, or the actual salary paid by the Commonwealth or the political subdivision, whichever is higher, when calculating average compensation, and
2) include those months after September 1, 2001 during which the employee was serving on active duty with the armed forces of the United States in the calculation of creditable service."


Explanation
(This amendment allows the VRS to avoid penalizing employees called to active duty in the armed forces of the United States when calculating retirement benefits due under the VRS retirement programs.)