Current with changes from the 2024 legislative session through ch. 845
Section 51.1-404 - Disability retirementA. Disability retirement guarantee. -- The disability allowance payable to a former member of the abolished system who transferred his accumulated contributions to the retirement system and who has not withdrawn such contributions prior to retirement shall not be less than $2,036.28 annually.B. Minimum disability retirement allowance. -- Effective five months after the effective date of retirement, the amount of annual retirement allowance shall equal $1,000 or twenty-five percent of the average final compensation of the member, whichever is larger. Except for members of the Judicial Retirement System, any member with twenty or more years of creditable service at the time of retirement shall, effective five months after the effective date of retirement, receive a retirement allowance of not less than $2,036.28 annually.C. Determination of retirement allowance. -- For the purposes of this section, the retirement allowance shall be determined on the assumption that the retirement allowance is payable to the member alone and that no optional retirement allowance is elected.1952, c. 157, § 51-111.57; 1956, cc. 560, 652; 1960, c. 604; 1962, c. 245; 1964, c. 186; 1966, c. 174; 1970, c. 476; 1971, Ex. Sess., c. 88; 1972, c. 568; 1973, c. 523; 1974, c. 353; 1976, c. 541; 1986, c. 474; 1990, c. 832.Amended by Acts 1990, § c.832.Amended by Acts 1986, § c. 474.Amended by Acts 1976, § c. 541.Amended by Acts 1974, § c. 353.Amended by Acts 1973, § c. 523.Amended by Acts 1972, § c. 568.Amended by Acts 1971, § Ex. Sess., c. 88.Amended by Acts 1970, § c. 476.Amended by Acts 1966, § c. 174.Amended by Acts 1964, § c. 186.Amended by Acts 1962, § c. 245.Amended by Acts 1960, § c. 604.Amended by Acts 1956, § cc. 560, 652.Amended by Acts 1952, § c. 157, §51-111.57.