HB 3136
Change required service from 25 to 20 years for eligibility for minimum 1k retirement annuity
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to lower the minimum years of service required for retirees to qualify for a minimum monthly retirement annuity of $1,000 (for Public Employees Retirement System members) or $500 (for State Teachers Retirement System beneficiaries). Specifically, it reduces the required service from 25 years to 20 years, with certain exceptions for elected public officials and temporary legislative employees. The bill also includes a one-time bonus of $1,500 for eligible annuitants.
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