CHAPTER 593

An Act to amend and reenact § 51-111.41, as amended, of the Code of
Virginia, relating to prior service credit under Virginia Supplemental
Retirement System.

{H 855]

Approved March 81, 1956

Be it enacted by the General Assembly of Virginia:

1. That § 51-111.41, as amended, of the Code of Virginia be amended
and reenacted as follows:

§ 51-111.41. Subject to the above restrictions, and to such other
rules and regulations as are prescribed by the Board, the Board shall
ascertain, as soon as practicable after such statement is filed, the amount
of prior service, if any, to which each member is entitled. The Board
shall issue prior service certificates, covering all creditable service in the
abolished system, to all members who were members of the abolished
system provided such members transfer their accumulated contributions
in the abolished system to the retirement system by February one, nine-
teen hundred fifty-three; except that: (i) any such member on leave of
absence from service on March one, nineteen hundred fifty-two, (ii) any
such member not in service and not on leave from service on such date
and, in either case, not transferring their accumulated contributions in
the abolished system, to the retirement system, nor, in either case, being
refunded accumulated contributions in the abolished system by February
one, nineteen hundred fifty-three, may within one year after re-entry into
service, transfer their accumulated contributions in the abolished system
to the retirement system provided, in the case of a member not in service
and not on leave from service, re-entry into service is within ten years
after date of last being in service. In any case in which a member who
was a member of the abolished system is in service on March one, nineteen
hundred fifty-two, and has * service as a State employee or teacher prior
to July one, nineteen hundred forty-two, with which such member has
not been credited, the Board shall issue a prior service certificate cover-
ing such service if since first becoming a member of such abolished
system the member has not withdrawn his accumulated contributions
thereto.
Any member of the retirement system may be credited with prior
service which might otherwise have been credited, except for cessation
of membership under § 51-109 of the abolished system if, since becoming
a member of the retirement system, not more than ten years have elapsed
since being an employee in service and a member of the abolished system,
provided such member repays within two years of June thirty, nineteen
hundred fifty-four, and while an employee in service and a member of
the retirement system the amount so withdrawn, together with interest
at the rate of three per cent per annum, compounded annually from the
date such funds were last credited with interest by the Board. Two-thirds
of such interest payment, in addition to the amount previously withdrawn
and repaid, shall be credited to the account of the member in the members’
contribution account.

For such employee and member to qualify under the provisions of
§ 51-111.58 the repayment herein permitted shall be made at least five
years prior to the date of first becoming eligible to retire under the pro-
visions of this chapter and the provisions of § 51-111.56 shall not apply
unless a medical report is provided by the employee when the repayment
is made which report shows that the employee is at that time of sound
mind and body.