                                 CODE OF VIRGINIA

PORTABILITY OF SERVICE CREDIT BETWEEN THE VIRGINIA RETIREMENT SYSTEM AND CERTAIN
POLITICAL SUBDIVISIONS OF THE COMMONWEALTH (§ 51.1-143.1)

The Virginia Retirement System may enter into an agreement with any political
subdivision of the Commonwealth which has a defined benefit plan that is not
supplemental to the Retirement System to permit any vested member of the
political subdivision&#8217;s plan, upon entering service in a covered position
and filing a written application with the Retirement System, to purchase service
credit, of an amount to be determined by the Board of Trustees, in the
Retirement System. The purchase shall be accomplished by and upon the transfer
of assets to the Retirement System from the political subdivision&#8217;s plan
as provided in the agreement.

HISTORY: 1996, cc. 939, 990.