SB130 - Virginia Retirement System; service retirement allowance, hazardous duty.

1 Co-Sponsor

Virginia Retirement System; service retirement allowance; hazardous duty. Provides that members of the State Police Officers' Retirement System, political subdivision employees eligible for enhanced hazardous duty coverage, and members of the Virginia Law Officers' Retirement System who are eligible for a hazardous duty supplement shall receive such supplement amount from the date of retirement. Under current law, the supplement is only allowed from the date of retirement until (i) for the State Police Officers' Retirement System and political subdivisions with enhanced hazardous duty coverage, the member's retirement age under federal social security laws and (ii) for the Virginia Law Officers' Retirement System, the member's sixty-fifth birthday. The bill has a delayed effective date of July 1, 2025, and provides that its provisions apply only to eligible members who retire on and after July 1, 2025. Virginia Retirement System; service retirement allowance; hazardous duty. Provides that members of the State Police Officers' Retirement System, political subdivision employees eligible for enhanced hazardous duty coverage, and members of the Virginia Law Officers' Retirement System who are eligible for a hazardous duty supplement shall receive such supplement amount from the date of retirement. Under current law, the supplement is only allowed from the date of retirement until (i) for the State Police Officers' Retirement System and political subdivisions with enhanced hazardous duty coverage, the member's retirement age under federal social security laws and (ii) for the Virginia Law Officers' Retirement System, the member's sixty-fifth birthday. The bill has a delayed effective date of July 1, 2025, and provides that its provisions apply only to eligible members who retire on and after July 1, 2025.