CHAPTER 682
An Act to increase the retirement allowance of persons who retired from the Virginia Retirement System or the State Police Officers' Retirement System within certain time periods.
Approved March 26, 2001
Be it enacted by the General Assembly of Virginia:
1. § 1. Any person who retired (i) from the Virginia Retirement System or the
State Police Officers' Retirement System (or any predecessor retirement system
for such retirement systems) before January 1, 1980, and (ii) with at least
fifteen years of creditable service under such retirement systems before
January 1, 1980, or any contingent annuitant or survivor of such person, as
provided under the provisions of Title 51.1, shall have his monthly retirement
allowance increased, beginning July 1, 2001, by the sum of (a) four dollars
multiplied by the member's number of years of creditable service under such
retirement systems at the time of retirement prior to January 1, 1980, plus (b)
four dollars multiplied by the number of years between such member's retirement
date prior to January 1, 1980, and 12:00 p.m. on December 31, 1979. For
purposes of this computation, any portion of a year shall be rounded to a full
year. All post-retirement supplements applicable after July 1, 2001, pursuant
to Title 51.1 shall be based on such increased retirement allowance. Such
increase shall not be applicable to the additional allowance provided under
subsection B of § 51.1-206 or such additional allowance as it is incorporated
in § 51.1-138.