Virginia General Assembly Legislative Session

The 2015 Regular Session of the Virginia General Assembly began on Wednesday, January 14, 2015 and adjourned on February 27, 2015. More information about this year’s General Assembly can be found on their website, http://virginiageneralassembly.gov/.

The House of Delegates and the Senate of Virginia offer live streaming video of the Daily Floor Sessions, when each body convenes for official action and votes on pending legislation. These video feeds can be accessed through the following websites, House of Delegates and Senate of Virginia.

2015 Virginia General Assembly Legislative Session Report

Virginia General Assembly Legislation Archive

 

Volunteer Firefighters’ and Rescue Squad Workers’ Service Award Fund (VOLSAP)

During the 1999 Virginia General Assembly HB2023 was passed and created the Volunteer Firefighters’ and Rescue Squad Workers’ Pension Fund, known as VOLSAP. A full copy of the code language can be found at: Governor: Acts of Assembly Chapter text (CHAP0664) (pdf format).

Per Chapter 12 of § § 51.1-1200 through 51.1-1211, the Volunteer Firefighters’ and Rescue Squad Workers’ Pension Fund” (the Fund) was established to provide pension allowances to eligible volunteer firefighters and rescue squad workers who elect to become members of the Fund. The Volunteer Firefighters’ and Rescue Squad Workers’ Pension Fund Board (the Board) shall utilize the assistance of the Virginia Retirement System in establishing, investing, and maintaining the Fund.

“Eligible volunteer” means any volunteer rescue squad member or volunteer firefighter who is a member of a bona fide volunteer rescue or emergency medical squad or fire department and who is otherwise eligible pursuant to the criteria established by the Board.

Eligible volunteers, and all persons who subsequently become eligible volunteers, may apply to the Board for membership in the Fund. Upon becoming a member of the Fund, each eligible volunteer shall pay thirty dollars per quarter into the Fund. Each quarterly payment made by a member shall be supplemented by such contribution from the general fund of the state treasury for a period not to exceed twenty years as shall be determined by the Board and as may be appropriated by the general appropriations act. The quarterly payments shall be credited to the separate accounts of the members, and the matching contributions shall be credited to the Fund. The member contribution or any additional contribution to the Fund may be made by the individual fire department or rescue squad, local government or any other source provided it is paid for all eligible members. Such accounts shall be kept so that they are available for payment on withdrawal from membership or retirement. No eligible volunteer shall maintain more than one membership in the Fund. In the event an eligible volunteer is in more than one eligible position, he must choose the position upon which his membership will be determined.

Any member who has attained the age of sixty and who has served twenty years 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 the earnings on such contributions. The distributions provided shall be in addition to all other pensions or benefits under any other statutes of the Commonwealth or the United States.

For those wishing to obtain information on their Fund balances or withdraw their funds, please contact:

Susan Talbot
BPS&M, LLC, a Wells Fargo Company
9020 Stony Point Pkwy., Ste. 200
Richmond, VA 23235
(o) 804.267.3116

Cindy Comer
Virginia Retirement System
ccomer@varetire.org
804.344.3146


Virginia Legislative Resources