Va. Code § 51.1-405

Current with changes from the 2024 legislative session through ch. 845

Section 51.1-405 - Special retirement guarantee

The retirement allowance payable to any member of the State Police Officers' Retirement System who was in service on June 30, 1966, and who retires on or after his normal retirement date shall equal two percent of his average final compensation multiplied by his years of creditable service not in excess of twenty-five years. If a member retires prior to his normal retirement date, his allowance shall be determined in the same manner; however, the allowance shall be reduced on an actuarial equivalent basis for the period by which the actual retirement date precedes the normal retirement date. For the purposes of this section, the retirement allowance shall be determined on the assumption that it is payable to the member alone and that no optional retirement allowance is elected.

Va. Code § 51.1-405

Code 1950, §§ 51-135, 51-151; 1950, p. 885; 1954, c. 139; 1956, c. 562; 1966, c. 628; 1968, c. 647; 1970, c. 657; 1972, c. 568; 1973, cc. 290, 523; 1974, c. 353; 1976, cc. 525, 538; 1978, c. 841; 1981, c. 393; 1984, c. 430; 1986, c. 73; 1989, c. 484; 1990, c. 832.

Amended by Acts 1990, § c. 832.

Amended by Acts 1989, § c. 484.

Amended by Acts 1986, § c. 73.

Amended by Acts 1984, § c. 430.

Amended by Acts 1981, § c. 393.

Amended by Acts 1978, § c. 841.

Amended by Acts 1976, § cc.525, 538.

Amended by Acts 1974, § c. 353.

Amended by Acts 1973, § cc. 290, 523.

Amended by Acts 1972, § c. 568.

Amended by Acts 1970, § c. 657.

Amended by Acts 1968, § c. 647.

Amended by Acts 1966, § c. 628.

Amended by Acts 1956, § c. 562.

Amended by Acts 1954, § c. 139.

Amended by Acts 1950, § p. 885.