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Va. law enforcement pension plans get $30M boost

Friday - 10/25/2013, 7:30pm  ET

RICHMOND, Va. (AP) -- Two underfunded Virginia law enforcement retirement accounts have received a $30 million boost.

The money comes from the $1.5 billion Abbott Laboratories agreed to pay to federal and state governments to settle allegations that it promoted the drug Depakote for uses not approved by the Food and Drug Administration. Virginia received $115 million for leading the investigation.

Attorney General Ken Cuccinelli presented two $15 million checks to the Virginia Retirement System at a news conference Friday.

The VRS maintains two law enforcement pension accounts. One is for state police. The other is for Capitol police, campus police, conservation officers, ABC special agents, marine resources officers, correctional officers, parole officers, and commercial vehicle enforcement officers of the state police.


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