2006 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Phillips
Retirement for Correctional Officers (language only)

Item 4-6.03 #1h

Item 4-6.03 #1h

Positions and Employment
Employee Benefits

Page 521, after line 14, insert:
"j.  Notwithstanding any other provision of law, when calculating the retirement benefits payable under the Virginia Law Officers' Retirement System (VaLORS), any individual who has completed 20 years of state service in VaLORS may retire with an unreduced benefit regardless of age."

(This amendment provides unreduced retirement, regardless of age, for members of VaLORS with 20 years of eligible service. A companion amendment in Item 461 contains funding required to reimburse VRS for the cost of the benefit.)