Source: https://www.richmondsunlight.com/bill/2007/sb1166/fulltext/
Timestamp: 2019-11-19 03:35:09
Document Index: 392476518

Matched Legal Cases: ['§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51', '§ 51']

SENATE BILL NO. 1166 Offered January 10, 2007 Prefiled January 10, 2007 A BILL to amend and reenact §§ 51.1-138 and 51.1-206 of the Code of Virginia, relating to benefits for state and local law-enforcement officers.
1. That §§ 51.1-138 and 51.1-206 of the Code of Virginia are amended and reenacted as follows:
For purposes of this section, "total reimbursable contribution costs" means that portion of the annual employer contribution charged by the Virginia Retirement System to a county or city for those deputy sheriffs of the county or city whose salaries are funded or reimbursed, in whole or in part, by the Compensation Board, with such portion being determined (i) using the salaries fixed by the Compensation Board for such deputy sheriffs and (ii) based on a multiplier of 1.7% for average final compensation.
B. By resolution legally adopted and approved by the Board, the employer may elect to provide benefits equivalent to those provided under the State Police Officers' Retirement System, as set out in Chapter 2 (§ 51.1-200 et seq.) of this title except for § 51.1-209 and except as provided in subsection D, in lieu of the benefits that would otherwise be provided hereunder for any employees who are employed in (i) law-enforcement positions comparably hazardous to that of a state police officer, including any sworn law-enforcement officer who has the duty and obligation to enforce the penal and traffic laws of this Commonwealth as directed by his superior officer, if so certified by his appointing authority, (ii) positions as full-time salaried fire fighters, (iii) positions as full-time salaried emergency medical technicians, or (iv) positions as regional jail superintendents and jail officers of regional jail farms, regional jails or jail authorities, as approved by the respective jail board or authority and by the participating political subdivisions of such entities. Sheriffs of political subdivisions which participate in the retirement system shall receive benefits equivalent to those of state police officers, except for the benefits provided under § 51.1-209, regardless of whether the employer has elected to provide equivalent benefits as set out in this subsection. Deputy sheriffs of political subdivisions that participate in the retirement system shall receive benefits equivalent to those of state police officers, except for the benefits provided under § 51.1-209 and except as provided in subsection D, regardless of whether the employer has elected to provide equivalent benefits as set out in this subsection.
C. Each employer providing the benefits of subsection B for its employees prior to July 1, 1990, may elect to provide for the early retirement of employees as set forth in this subsection in lieu of the early retirement and death before retirement provisions of the State Police Officers' Retirement System. Such election must be made to the Board in writing prior to July 1, 1990. Any member in service on or after his fifty-fifth birthday with five or more years of creditable service (i) while earning the benefits permitted by this section, (ii) as a member in the retirement system established by Chapter 2 (§ 51.1-200 et seq.) of this title, or (iii) as a member in the retirement system established by Chapter 2.1 (§ 51.1-211 et seq.) of this title may retire upon written notification to the Board setting forth at what time the retirement is to become effective. The effective date shall be after his last day of service but shall not be more than 90 days prior to the filing of such notice. The member shall receive an allowance that shall be determined in the same manner as for retirement at an employee's normal retirement with creditable service and average final compensation being determined as of the date of his actual retirement. If the member has less than 30 years of service at retirement, the amount of the retirement allowance shall be reduced on an actuarial equivalent basis for the period by which the actual retirement date precedes the earlier of (a) the member's normal retirement date or (b) the first date on or after the member's fifty-fifth birthday on which the member would have completed a total of 30 years of creditable service. Effective December 31, 2003, any employee in service on June 30, 2002, and July 1, 2002, who is credited with five or more years of creditable service rendered under this chapter and earning the benefits permitted by this section, Chapter 2 (§ 51.1-200 et seq.), or Chapter 2.1 (§ 51.1-211 et seq.) of this title shall not be subject to the vesting requirements of this section, and §§ 51.1-205 and 51.1-216.
Members retiring under the provisions of this subsection shall be entitled to receive post-retirement supplements as provided in § 51.1-166. In computing the amount of any supplement, any additional allowances being paid under the provisions of subsection B of § 51.1-206 shall be disregarded. In the case of death before retirement, members whose employers elect to provide benefits in accordance with the provisions of this subsection and who have not attained the age of 50 on the date of death shall be assumed to be 50 years of age for the purposes of reducing the benefits on an actuarial equivalent basis.
D. Except as provided in subsection F, any person, including a deputy sheriff, being provided benefit coverage equivalent to the benefits provided under the State Police Officers' Retirement System pursuant to this section shall, for purposes of his annual retirement allowance, be eligible to have his creditable service multiplied by 1.7% of his average final compensation. This shall be in lieu of such person's being eligible for having his creditable service multiplied by 2.0% of his average final compensation, for which state police officers are eligible under Chapter 2 (§ 51.1-200 et seq.). Notwithstanding any other provision in this section, sheriffs shall be eligible to have their creditable service multiplied by 2.0% of their average final compensation, and each political subdivision participating in the retirement system shall be responsible for the actuarial cost of a 2.0% multiplier for sheriffs.
Nothing in this subsection shall affect eligibility for the additional allowance provided under subsection B of § 51.1-206.
E. Effective July 1, 2007, each county and city participating in the retirement system shall provide to all its deputy sheriffs, including any deputy sheriff whose salary is not funded or reimbursed in part by the Compensation Board, the benefit coverage described in subsection B for deputy sheriffs.
For each such county or city, the Compensation Board shall, beginning with the 2007-2008 fiscal year and for fiscal years thereafter, fund or reimburse 100% of the county's or city's total reimbursable contribution costs.
F. Effective beginning July 1, 2007, an employer may elect to increase the multiplier of average final compensation from 1.7% to 2.0% for any class of employees described in subsection B. The employer shall be responsible for paying the actuarial cost of such increase. Such payments shall be credited to the employer's contribution account. Such contributions shall not be considered wages for purposes of Chapter 7 (§ 51.1-700 et seq.), nor shall they be considered salary or creditable compensation for purposes of this chapter.
DG. The retirement system shall not be liable for the payment of any retirement allowances or other benefits on behalf of a member or beneficiary of a member for which reserves have not been previously created from funds contributed by the employer or the members for such benefits.
1. Normal retirement. - The allowance shall equal 1.70 2.0 percent of his average final compensation multiplied by the amount of creditable service or disability retirement allowance payable under this section.
2. Early retirement. - The allowance shall be determined in the same manner as for normal retirement with creditable service and average final compensation being determined as of the date of actual retirement. If the member has less than 25 years of service at retirement, the amount of the retirement allowance shall be reduced on an actuarial equivalent basis for the period by which the actual retirement date precedes the earlier of (i) his normal retirement date or (ii) the first date on or after his fiftieth birthday on which he would have completed a total of 25 years of creditable service.
This subsection shall not apply to the following: (i) any member who qualifies for retirement under subsection C of § 51.1-205 and is credited with less than 20 years' service rendered in a hazardous position or (ii) any member employed initially on or after July 1, 1974, who is credited with less than 20 years' service rendered in a hazardous position. However, any service rendered as an employee, as such term is defined in § 51.1-212, shall be deemed as service in a hazardous position for purposes of the additional retirement allowance herein.
2. That the provisions of this act shall not apply to (i) retirement allowances for retirements that are effective prior to July 1, 2007, or (ii) retirement allowances relating to a member who died prior to July 1, 2007.
3. That the provisions of this act amending § 51.1-138 of the Code of Virginia that relate to retirement benefits for deputy sheriffs and Compensation Board funding of the same shall not apply to any county or city that (i) participates in the Virginia Retirement System (§ 51.1-124.1 et seq. of the Code of Virginia), (ii) has in effect a retirement supplement for deputy sheriffs (in addition to the annual retirement allowance provided under the Virginia Retirement System) that exceeds the allowance set forth in subsection B of § 51.1-206 of the Code of Virginia, and (iii) provides the same level of retirement benefits to all of its deputy sheriffs, including any deputy sheriff whose salary is not funded or reimbursed in part by the Compensation Board. However, the Compensation Board shall, beginning with 2007-2008 fiscal year and for fiscal years thereafter, fund or reimburse 100% of such county's or city's "total reimbursable contribution costs" as defined in § 51.1-138 but with such funding or reimbursement computed as if the county or city were providing to deputy sheriffs the benefits under § 51.1-138.
4. That counties or cities participating in the Virginia Retirement System shall be responsible upon the effective date of this act for the actuarial cost of sheriffs being eligible to have their creditable service multiplied by 2.0% of their average final compensation, as provided in subsection D of § 51.1-138.
5. That any county or city that increases the multiplier of average final compensation from 1.7% to 2.0% for any class of employees as provided in subsection F of § 51.1-138 shall, upon the effective date of such increase, be responsible for the actuarial cost of such increase.
For a plain English description of this bill, comments, voting, tagging, etc., return to the main page for SB1166.