SB 671

Abstract

Virginia Retirement System; return to employment by certain retired employees. Provides that a political subdivision participating in the Virginia Retirement System may hire up to two retirees at a time to return to work in full-time positions. Such employees may receive their service retirement allowance during the subsequent period of employment provided that there was a bona fide break in service of one year between retirement and employment in the full-time position and that there was no prearrangement for reemployment. The provisions of the bill are contingent on funding in a general appropriation act.

Virginia Retirement System; return to employmentby certain retired employees. Provides that a political subdivisionparticipating in the Virginia Retirement System may hire up to tworetirees at a time to return to work in full-time positions. Suchemployees may receive their service retirement allowance during thesubsequent period of employment provided that there was a bona fidebreak in service between retirement and employment in the full-timeposition and that there was no prearrangement for reemployment.