2008 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Griffith
Co-Patron(s): Nutter, Poindexter, Ware, O.
Allow Members of Local Governing Bodies to Participate in VRS (language only)

Item 485 #1h

Item 485 #1h

Independent Agencies
Virginia Retirement System

Page 440, after line 21, insert;
"E.  Notwithstanding any other provision of law to the contrary, any member of a local governing body that participates in the Virginia Retirement System may elect to be treated as an employee of that local employer for purposes of participation in the Virginia Retirement System, provided that the member making such election shall participate at zero cost to the local employer by reimbursing the local employer for the related employer and employee contributions to the Virginia Retirement System."

(This amendment would allow members of local governing bodies, in localities that participate in the VRS, to participate in the VRS provided the individual pays both the employer and employee share.)