HB 750 Retirement System; service retirement allowance for teachers.
C. Richard Cranwell | all patrons    ...    notes
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Summary:
Virginia Retirement System; service retirement allowance for teachers. Increases the multiplier from 1.65 percent to 1.75 percent of average final compensation in excess of $13,200 to compute annual retirement allowance. Teachers credited with 35 or more years of service shall receive an increase from 1.65 percent to 1.75 percent of average final compensation multiplied by the amount of creditable service. For teachers with less than 35 years of service, the multiplier for the first $13,200 of average final compensation remains unchanged at 1.50 percent.

Full text:
01/25/94  House: Presented and ordered printed  pdf

Status:
01/25/94  House: Presented and ordered printed
01/25/94  House: Referred to Committee on Appropriations
02/11/94  House: Continued to 1995 in Appropriations (22-Y 0-N)
12/19/94  House: No action taken by Appropriations by voice vote