51.1-1117 - Service retirement of participating full-time employees receiving disability benefits. - Virginia Statutes

§ 51.1-1117. Service retirement of participating full-time employeesreceiving disability benefits.

A. Upon the normal retirement date of a participating full-time employeereceiving disability benefits who is a vested member of the retirementsystem, the employee shall be eligible for normal retirement under subsectionA of § 51.1-153. Such employee shall be authorized to elect any option forthe payment of his retirement allowance provided under subsection A of §51.1-165 for which the employee is otherwise eligible.

B. The retirement allowance for a participating full-time employee takingnormal retirement pursuant to this section shall be determined as provided insubdivision A 1 of § 51.1-155, provided that the employee's average finalcompensation shall be equal to his creditable compensation on the date of thecommencement of the disability increased by an amount recommended by theprogram actuary and approved by the Board, from the date of the commencementof the disability to the date of retirement.

C. The creditable service of a participating full-time employee taking normalretirement pursuant to this section shall include periods during which theemployee received disability benefits.

(1998, c. 774; 1999, c. 144; 2004, c. 98.)