HB1630: Virginia Retirement System; return to work.

Legislative Summary

Virginia Retirement System; return to work. Reduces from 12 to six the number of months for the required break in service for a teacher, bus driver, school administrator, or school security officer to return to work full time and continue to receive his pension under the Virginia Retirement System (VRS). The bill adds specialized student support positions to the list of employees who may return to work with a six-month break in service and specifies that the employer shall include such employees' compensation in membership payroll for purposes of the employer contributions to VRS. The bill has an expiration date of July 1, 2028, for the reduction of the required break in service period for all classes of employees. Finally, the bill requires VRS to submit a report regarding options for employing certain enumerated positions part-time during the required six-month break in service period. Virginia Retirement System; return to work. Reduces from 12 to six the number of months for the required break in service for a teacher, bus driver, school administrator, or school security officer to return to work full time and continue to receive his pension under the Virginia Retirement System (VRS). The bill adds specialized student support positions to the list of employees who may return to work with a six-month break in service and specifies that the employer shall include such employees' compensation in membership payroll for purposes of the employer contributions to VRS. The bill has an expiration date of July 1, 2028, for the reduction of the required break in service period for all classes of employees. Finally, the bill requires VRS to submit a report regarding options for employing certain enumerated positions part-time during the required six-month break in service period.