Retirement System; benefits for law-enforcement retirees hired as school board security personnel. (SB1046)

Introduced By

Sen. George Barker (D-Alexandria)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Retirement System; retirees hired as school board security personnel.  Provides that a person retired under the Law-Enforcement Officers' Retirement System, the State Police Officers' Retirement System, or the Virginia Law Officers' Retirement System may be hired as a local school board security officer or security person without interruption of his retirement allowance under the following conditions: (i) the person has attained age 50 and has been retired for at least one full calendar year (or such longer period as established by the Board of the Virginia Retirement System) prior to commencing employment; (ii) the person has not retired pursuant to an early retirement incentive; (iii) the person did not voluntarily resign or voluntarily retire under the Workforce Transition Act of 1995; and (iv) the hiring school division pays to the Virginia Retirement System, during the person's employment as a local school board security officer or security person, the employer share of the retirement funding contribution that would otherwise be due if the person were a covered employee. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2011Prefiled and ordered printed; offered 01/12/11 11101447D
01/11/2011Referred to Committee on Finance
01/19/2011Impact statement from VRS (SB1046)
02/08/2011Left in Finance