CHAPTER 517

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.
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 as-
certain, 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 abol-
ished 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, nineteen hun-
dred fifty-three; except that: (i) any such member on leave of absence
from service on March one, nineteen hundred fifty-two (ii) any such mem-
ber 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 ac-
cumulated 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, or of a former member who has been retired, re-
entry into service is or was within * twenty years after date of last being
in service. In any case in which a member who was a member of the abol-
ished 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 hun-
dred forty-two, with which such member has not been credited, the Board
shall issue a prior service certificate covering such service if since first
becoming a member of such abolished system the member has not with-
drawn 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 re-
paid, shall be credited to the account of the member in the members’ con-
tribution 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.