HB316: VRS; permits general registrars to retire with 20 years at an unreduced allowance at age 50.

HB316

HOUSE BILL NO. 316 Offered January 13, 2010 Prefiled January 11, 2010 A BILL to amend and reenact § 51.1-155.2 of the Code of Virginia, relating to the Virginia Retirement System; general registrars. ---------- Patron-- McClellan ---------- Committee Referral Pending ----------

Be it enacted by the General Assembly of Virginia:

1. That § 51.1-155.2 of the Code of Virginia is amended and reenacted as follows:

§ 51.1-155.2. Exceptions from general early retirement provisions for certain local government officials.

A. Members of the retirement system who (i) are appointed county administrator pursuant to § 15.2-406 or 15.2-1540, urban county executive pursuant to § 15.2-804, county executive pursuant to § 15.2-509, county manager pursuant to § 15.2-609 or 15.2-702, county administrator or city or town manager pursuant to Chapter 15 (§ 15.2-1500 et seq.) of Title 15.2, or county, city or town attorney pursuant to § 15.2-1542;, or general registrar pursuant to § 24.2-109; (ii) are involuntarily separated from service; and (iii) have 20 or more years of creditable service at the date of separation, may retire without the reduction in retirement allowance required by subdivisions A 2 and A 3 of § 51.1-155 upon attaining age 50.

B. For the purposes of this section, "involuntary separation" means any dismissal, requested resignation, or failure to obtain reappointment, except in case of a conviction for a felony or crime involving moral turpitude or dishonesty.

C. The cost of this provision shall be borne by the locality.

Explanation

For a plain English description of this bill, comments, voting, tagging, etc., return to the main page for HB316.

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Words that are highlighted in yellow are proposed additions to the existing law, and words that are ~~crossed out in red~~ are proposed to be removed from the existing law.

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