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Virginia Retirement System; service credit for career and technical education teachers. Provides that a member of the Virginia Retirement System shall be eligible for additional years of service credit for service earned as a teacher in the field of career and technical education. The amount of service credit earned shall be as follows: (i) for service earned as a member who is more than 45 years old but less than 55 years old at the time of such service, such service shall be multiplied by the weighted years of service factor of 2.0 and (ii) for service earned as a member who is more than 55 years old at the time of such service, such service shall be multiplied by the weighted years of service factor of 2.5.
Introduced
Jan 7, 2025
Last Action
Feb 4, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Left in Appropriations
Subcommittee recommends laying on the table (5-Y 3-N)
Fiscal Impact Statement from Virginia Retirement System (HB2070)
Assigned Approps sub: Compensation and Retirement
Prefiled and ordered printed; Offered 01-13-2025 25101812D
Referred to Committee on Appropriations
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Appropriations