2005 Session

Budget Amendments - SB700 (Conference Report)

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VRS Retirement Benefits (language only)

Item 4-6.03 #2c

Item 4-6.03 #2c

Positions and Employment
Employee Benefits

Page 594, after line 29, insert:
"i. "In lieu of any benefits that might otherwise be payable under Title 51.1, Chapter 11 of the Code of Virginia, any employee of the Commonwealth who: i) had at least 20 years of creditable service as of January 1, 2005, ii) served in the Legislative Branch of Government between January, 1986 and February 28, 2005,  and iii) who was hospitalized in December 2004 shall receive a VRS retirement allowance in the amount set out in  § 51.1-1112.B. and shall receive the retiree health care credit that would normally attach thereto."

(This amendment allows certain VRS members to retire due to a disability.)