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2005 Session

Budget Amendments - SB700 (Committee Approved)

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VRS Service Credit (language only)

Item 4-6.03 #4s

Item 4-6.03 #4s

Positions and Employment
Employee Benefits

Language
Page 594, following line 29, insert:
"i.  Any employee with 15 years of full-time or part-time service, and employed prior to 1985 in the Legislative Branch of Government, shall be entitled to a compilation of all full-time or part-time service to be counted toward that person's creditable service in the Virginia Retirement System.  Part-time service is defined as a minimum of a total of five months of service over two consecutive calendar years."


Explanation
(This amendment allows additional individuals to receive service credit for retirement purposes only.)