SB382:

Virginia Retirement System; increased retirement allowance for certain judges.

Bill Summary:

Virginia Retirement System; increased retirement
allowance for certain judges. Increases, for the purposes of
determining benefits provided under the Judicial Retirement System,
the retirement multiplier from 1 percent to 1.7 percent. The increase
would apply only to judges appointed on or after July 1, 2022, who
are participants in the hybrid retirement program, and who are at
least age 55 at the time of appointment.