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 (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.

Statutes affected:
Introduced: 51.1-141