CHAPTER 595

An Act to direct the Virginia Advisory Legislative Council to study the
Virginia Supplemental Retirement System for State employees, and to
provide for the payment of certain costs with respect thereto.

([H 743]
Approved March 81, 1964

Whereas, the Commonwealth of Virginia has a continuing interest in
assuring that the retirement program which is provided for its employees
is adequate to meet the needs of the Commonwealth and its localities ir
relation to their personnel programs; now, therefore,

Be it enacted by the General Assembly of Virginia:

1. 81. The Virginia Advisory Legislative Council is directed to make
a study of the operation of the Virginia Supplemental Retirement System
including the statutes relating thereto and experience thereunder. Al
agencies of the State shall assist the Council in its study, upon request
The Council shall complete its study and make a report containing it
findings and recommendations to the Governor and General Assembly no
later than October one, nineteen hundred sixty-five.

§ 2. The Board of Trustees of the Virginia Supplemental Retire
ment System is authorized to expend, from funds available under Title 5:
of the Code of Virginia for the administration of the Virginia Supple
mental Retirement System, such sums as may be necessary to defray th:
expenses of any actuarial or statistical computations necessary for th
completion of the Council’s study.