§ 51.1-811 Eligibility for retirement; retirement allowance
Any member of a police department who has completed twenty years of service in the department and attained the age of fifty years may retire and receive the pension and benefits provided in this section. Upon retirement, a member shall receive a retirement allowance, payable to the member for life, equal to fifty percent of the member’s annual salary, computed on the basis of the last three years of service and an additional amount equal to two percent of the member’s salary for each year of service after the age of fifty and after twenty years of service in the department.
History
This law was first created in 1940. The record of its establishment is cataloged at page 738 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1940 “Acts” aren’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1942, when it was recodified as § 3035i; in 1950, when it was recodified as § 51-120; in 1990, chapter 832.
1940, p. 738; Michie Code 1942, § 3035i; Code 1950, § 51-120; 1990, c. 832.