An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1956 |
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Law Number | 652 |
Subjects |
Law Body
CHAPTER 652
An Act to amend and reenact § 51-111.57 of the Code of Virginia, relating
to disability retirement allowance of persons retired under Virginia
Supplemental Retirement System.
TTY 244%
Be it enacted by the General Assembly of Virginia:
1. That § 51-111.57 of the Code of Virginia be amended and reenacted
as follows: ‘
§ 51-111.57. Upon retirement as provided in § 51-111.56, a member
shall receive an annual retirement allowance payable monthly during his
lifetime and continued disability which shall consist in the case of:
(a) Any allowance payable prior to the member’s normal retirement
date——An amount equal to one and one-quarter per centum of his average
final compensation multiplied by his number of years of creditable service.
(b) Any allowance payable on or after the member’s normal retire-
ment date.—An amount equal to the service retirement allowance for
normal] retirement determined on the assumption that the member’s
creditable compensation on the date of disability retirement continued in
the same amount up to his normal retirement date and on the assumption
of years of creditable service up to his normal retirement date including
in creditable service the period of disability retirement prior to normal
retirement date.
(c) Disability retirement guarantee.—The disability retirement al-
lowance payable on or after a member’s normal retirement date to a
former member of the abolished system who transferred his accumulated
contributions to the retirement system and who has not withdrawn such
contributions prior to such retirement, shall be at least an amount which,
when added to the primary Social Security benefits to which the member
may become entitled under the Federal Social Security Act in effect at his
retirement date, would equal the disability retirement allowance to which
the individual would have been entitled under the provisions of the abol-
ished system. The provisions of subsection (d) of § 51-111.55 shall not
be applicable in the determination of the benefits guaranteed under this
paragraph. .
(d) Minimum disability retirement allowance.—Anything in this sec-
tion to the contrary notwithstanding the amount of annua] retirement
allowance as determined under this section shall be at least an amount
which when added to the primary Social Security benefits to which the
member may become entitled under the Federal Social Security Act in
effect at his retirement date would equal forty-five dollars times the
number of years of creditable service of the member subject to a mazi-
mum of nine hundred dollars; provided further, effective July one, nine-
teen hundred fifty-six, the minimum disability allowance herein provided
shall be applicable in case of any member retired or retiring subsequent
to March one, nineteen hundred fifty-two.
(e) Determination of retirement allowance.—For the purposes of this
section the retirement allowance shall be determined on the assumption
that the retirement allowance is payable to the member alone and that no
-optional retirement allowance is elected.
(f) Any allowance payable to a member under this section shall be
reduced by the amount of any payments finally awarded under the Vir-
ginia Workmen’s Compensation Act and the excess of the allowance, tf
any, shall be paid to such member. When the time for which payments
of the compensation finally awarded under such act has elapsed, the
member shall thereafter receive the full amount of such allowance pay-
able monthly during his lifetime and continued disability.