CHAPTER 580

AN ACT to amend and reenact § 51-110 of the Code of 1950, so
as to increase the benefits to teachers therein conferred, and
to make an appropriation.

[ H 85 ]

Approved April 11, 1950

Be it enacted by the General Assembly of Virginia:

1. That § 51-110 of the Code of 1950 be amended and reen-
acted, as follows:

§ 51-110. Benefits to teachers retired under former law.—
All allowances payable to former teachers who were retired
under the provisions of chapter 36 of the Code of 1919 as it ex-
isted immediately prior to July first, nineteen hundred and
forty-two, shall be continued; provided that every such retired
teacher who would receive a retirement allowance which, but
for this proviso, would be less than * siz hundred * dollars per
annum, shall be entitled to and shall receive, at the time any
portion of such retirement allowance is paid, an addition to
each such payment which shall be in such amount that the re-
tirement allowance and the addition thereto computed on an
annual basis shall be not less than * six hundred * dollars.

All such allowances shall be paid from the State annuity
accumulation fund. Funds required to carry out the provisions
of this.section shall be provided by an increase in the accrued
liability contribution otherwise payable to the State annuity
accumulation fund out of the general fund of the State treasury.
The additional sums required to carry out the provisions of this
section, as amended, for the biennium beginning July 1, 1950,
by reason of the minimum allowance of $600.00 per annum as
hereinabove provided, are hereby appropriated out of the gen-
eral fund of the State treasury to the State annuity accumula-
tion fund of the Virginia Retirement System, that is to say, for
the fiscal year ending June 80, 1951, the sum of $165,000, and
for the fiscal year ending June 80, 1952, the sum of $160,000.

ED, ESE