Code of Virginia
Chapter 1 - Virginia Retirement System
§ 51.1-155.1. Exceptions from general early retirement provisions for certain state employees and constitutional officers

A. The provisions of this subsection apply to any member of the retirement system (i) whose position is described by subdivision 1 (except a member of the Judicial Retirement System (§ 51.1-300 et seq.)), 2 (except a member of the Judicial Retirement System (§ 51.1-300 et seq.)), 3, 4 (except an officer elected by popular vote), 7, 13, 14, 15, 16, 17, or 20 of § 2.2-2905; (ii) who is an agency head appointed by a state board, state commission, or state council; or (iii) who is a school division superintendent appointed by a school board pursuant to § 22.1-60, and (a) who is involuntarily separated from state service and (b) who has 20 or more years of creditable service at the date of separation. Such member may retire with the retirement allowance as provided in subdivision A 1 of § 51.1-155 upon attaining age 50, provided, however, that if (1) the member is a person who becomes a member on or after July 1, 2010, (2) the member does not have at least 60 months of creditable service as of January 1, 2013, or (3) the member is enrolled in the hybrid retirement program described in § 51.1-169, then the member may retire with the retirement allowance as provided in subdivision A 1 of § 51.1-155 upon attaining age 60.
B. The provisions of this subsection apply to any member of the retirement system who (i) serves as chief executive officer of an interstate commission pursuant to Virginia's participation in such commission; (ii) is involuntarily separated from service; and (iii) has 20 or more years of creditable service at the date of separation. Such member may retire without the reduction in retirement allowance required by subdivision A 2 of § 51.1-155 upon attaining age 50, provided, however, that if (a) the member is a person who becomes a member on or after July 1, 2010, (b) the member does not have at least 60 months of creditable service as of January 1, 2013, or (c) the member is enrolled in the hybrid retirement program described in § 51.1-169, then the member may retire without the reduction in retirement allowance required by subdivision A 2 of § 51.1-155 upon attaining age 60.
C. The provisions of this subsection apply to any member of the retirement system who (i) serves as a constitutional officer, (ii) is involuntarily separated from service because his office is lawfully abolished, and (iii) has 20 or more years of creditable service at the date of separation. Such member may retire with the retirement allowance as provided in subdivision A 1 of § 51.1-155, upon attaining age 50, provided, however, that if (a) the member is a person who becomes a member on or after July 1, 2010, (b) the member does not have at least 60 months of creditable service as of January 1, 2013, or (c) the member is enrolled in the hybrid retirement program described in § 51.1-169, then the member may retire with the retirement allowance as provided in subdivision A 1 of § 51.1-155 upon attaining age 60.
D. For the purposes of this section, except for subsection C, "involuntary separation" means any dismissal, requested resignation, or failure to obtain reappointment, except in case of a conviction for a felony or crime involving moral turpitude or dishonesty.
E. Any state employee who retires under the provisions of this section on or after January 1, 1994, shall be eligible to participate in the state health insurance program as provided in § 2.2-2818 and receive group life insurance benefits as provided in § 51.1-505.
1994, c. 785; 1995, cc. 152, 692, 721, 811; 1996, cc. 662, 924; 1997, c. 711; 1998, c. 746; 2000, c. 911; 2003, c. 220; 2011, cc. 250, 880; 2014, c. 356.

Structure Code of Virginia

Code of Virginia

Title 51.1 - Pensions, Benefits, and Retirement

Chapter 1 - Virginia Retirement System

§ 51.1-100. Repealed

§ 51.1-124.1. Virginia Retirement System established

§ 51.1-124.2. Virginia Supplemental Retirement System continued as Virginia Retirement System

§ 51.1-124.3. Definitions

§ 51.1-124.4. Exemption of assets from taxation; exemption of benefits and assets from execution and assignment; trust funds; unclaimed property; eligible rollover distribution

§ 51.1-124.5. Disclosure of social security account numbers

§ 51.1-124.6. Benefits to be paid monthly

§ 51.1-124.7. Distribution of assets upon repeal of system

§ 51.1-124.8. Persons affected by changes in retirement benefits

§ 51.1-124.9. Changes or errors in records resulting in erroneous payments; employer liability

§ 51.1-124.10. Falsification of records; penalty

§ 51.1-124.11. Recovery of payments procured by fraud, false statement, etc.

§ 51.1-124.12. Procedure when employer required to withdraw funds

§ 51.1-124.13. Loss of benefits; certain felony convictions

§ 51.1-124.14. Reserved

§ 51.1-124.20. Board of Trustees; membership; terms; quorum; compensation and expenses

§ 51.1-124.21. Application of State and Local Government Conflict of Interests Act

§ 51.1-124.22. Board to administer Retirement System; powers and duties

§ 51.1-124.23. Medical boards

§ 51.1-124.24. Chief investment officer; qualifications; duties

§ 51.1-124.25. Existing advisory committees of the Virginia Retirement System abolished

§ 51.1-124.26. Advisory Committees to the Board of Trustees; membership; terms; qualifications; duties

§ 51.1-124.27. Employees of the Retirement System

§ 51.1-124.28. Legal representation in criminal matters

§ 51.1-124.29. Reserved

§ 51.1-124.30. Board as trustee of funds; investments; standard of care; liability for losses

§ 51.1-124.30:1. Adoption of stress testing and reporting policies

§ 51.1-124.31. Pooling of assets for investment

§ 51.1-124.32. Exemption from Public Procurement Act

§ 51.1-124.33. Deposit of trust funds not an investment; authorized deposits

§ 51.1-124.34. Retention of investments that become ineligible

§ 51.1-124.35. Investment provisions exclusive

§ 51.1-124.36. Investment of assets of the Commonwealth Health Research Fund

§ 51.1-124.37. Investment of assets of the Commonwealth's Attorneys Training Fund

§ 51.1-124.38. Repealed

§ 51.1-124.39. Investment of assets of the Line of Duty Death and Health Benefits Trust Fund

§ 51.1-124.40. Investment of assets of the Opioid Abatement Fund

§ 51.1-125. Persons composing membership; persons holding more than one position

§ 51.1-126. Employees of institutions of higher education

§ 51.1-126.1. Certain employees of teaching hospitals

§ 51.1-126.2. Repealed

§ 51.1-126.3. Employees of the University of Virginia Medical Center

§ 51.1-126.4. Employees of the Virginia Port Authority

§ 51.1-126.5. Defined contribution plan for eligible members

§ 51.1-126.6. Certain employees of public school divisions

§ 51.1-126.7. Employees of the Virginia Outdoors Foundation

§ 51.1-126.8. Maximum contributions to optional plans; coordination of limits

§ 51.1-127. Federal Employees' Retirement System

§ 51.1-128. Cessation of membership

§ 51.1-129. Limitation on membership

§ 51.1-130. Resolution of governing body; approval by Board

§ 51.1-131. Local pension systems; transfer to retirement system

§ 51.1-132. Eligible employees

§ 51.1-133. Limitation on membership

§ 51.1-134. Optional membership; creditable service

§ 51.1-135. Compulsory membership

§ 51.1-136. Submitting information and performing duties prescribed by Board

§ 51.1-137. Computation of employer contribution rates; reimbursement by Commonwealth

§ 51.1-137.1. Certain local data to be provided

§ 51.1-138. Benefits

§ 51.1-139. Procedure when employer in default

§ 51.1-140. Repealed

§ 51.1-141. Service equivalents

§ 51.1-142. Repealed

§ 51.1-142.2. Prior service or membership credit for certain members; service credit for accumulated sick leave

§ 51.1-142.3. Purchase of additional prior service credit by certain school division superintendents

§ 51.1-143. Repealed

§ 51.1-143.1. Portability of service credit between the Virginia Retirement System and certain political subdivisions of the Commonwealth

§ 51.1-144. Member contributions

§ 51.1-145. (Effective until July 1, 2024) Employer contributions

§ 51.1-145. (Effective July 1, 2024) Employer contributions

§ 51.1-146. Failure to report or pay contributions or insurance premiums

§ 51.1-147. Members' contribution account

§ 51.1-148. Retirement allowance account

§ 51.1-149. Appointment of custodian; payments

§ 51.1-150. Deposits

§ 51.1-151. Repealed

§ 51.1-152. Limitations on average final compensation

§ 51.1-153. Service retirement

§ 51.1-154. Compulsory service retirement

§ 51.1-155. Service retirement allowance

§ 51.1-155.1. Exceptions from general early retirement provisions for certain state employees and constitutional officers

§ 51.1-155.2. Exceptions from general early retirement provisions for certain local government officials

§ 51.1-156. Disability retirement

§ 51.1-157. Disability retirement allowance

§ 51.1-158. Reduction of benefits for acceptance of lump-sum settlement under Workers' Compensation Act

§ 51.1-159. Medical examinations of persons retired for disability

§ 51.1-160. Cessation of disability retirement allowance

§ 51.1-161. Withdrawal of contributions before retirement

§ 51.1-162. Death before retirement

§ 51.1-163. Death after retirement

§ 51.1-164. Repealed

§ 51.1-165. Optional benefits

§ 51.1-165.01. Partial lump-sum option for payment of retirement allowance

§ 51.1-165.1. Acknowledgment by spouse of member

§ 51.1-166. Post-retirement supplements generally

§ 51.1-167. Retirement allowance to be reduced in certain cases

§ 51.1-168. Limits on creditable compensation; maximum benefits; mandatory payment of allowance

§ 51.1-169. Hybrid retirement program