§ 51.1-1205. Equivalent distribution
Any member who has attained the age of sixty and who has ten years of creditable service as an eligible volunteer shall be entitled to a distribution from the Fund equivalent to the contributions that he has made, the appropriate matching contributions made on his behalf, and any investment gains on such contributions less any losses, provided that such amount shall be reduced by the amount of any distribution to such member under § 51.1-1206. The Board may provide alternative methods of distribution in lieu of a lump sum distribution to members entitled to a service award under this section.
The distributions provided shall be in addition to all pensions or other benefits under any other statutes of the Commonwealth or the United States.
(1999, cc. 664, 860; 2001, c. 672; 2002, c. 349.)
Sections: Previous 51.1-1200 51.1-1201 51.1-1202 51.1-1203 51.1-1204 51.1-1205 51.1-1206 51.1-1207 51.1-1208 51.1-1209 51.1-1210 51.1-1211 NextLast modified: April 16, 2009