Retirement System; purchase of prior service credit by teachers. (SB1378)

Introduced By

Sen. Ken Stolle (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Purchase of prior service credit by teachers. Provides teachers with six years of teaching experience in the Commonwealth with an additional year to purchase prior service at a cost of five percent of creditable compensation or five percent of average final compensation, whichever is greater. The additional year would begin on the date that the teacher attained six years of creditable service earned as a teacher. Read the Bill »


Bill Has Failed


01/14/2009Prefiled and ordered printed; offered 01/14/09 094469328
01/14/2009Referred to Committee on Finance
01/22/2009Impact statement from VRS (SB1378)
02/11/2009Left in Finance