A. The duty to report and disclose material information and data to members and beneficiaries imposed by this chapter on the Virginia Retirement System and other notice requirements imposed by this title on the Virginia Retirement System may be satisfied by use of electronic media if the conditions established by the Board of Trustees of the Virginia Retirement System for this purpose are met.
B. The duty to report and disclose material information and data to members and beneficiaries imposed by this chapter on any "retirement system" other than the Virginia Retirement System may be satisfied by use of electronic media if the conditions established by the board of such retirement system for this purpose are met.
C. The conditions established by any retirement system board shall require that the retirement system take appropriate and necessary measures reasonably calculated to ensure that the electronic media used results in the actual receipt of the transmitted information and protects the confidentiality of personal information relating to the individual's accounts and benefits.
2004, c. 209.
Structure Code of Virginia
Title 51.1 - Pensions, Benefits, and Retirement
Chapter 10 - Disclosure Requirements for Public Retirement Systems
§ 51.1-1000. All state and local plans included
§ 51.1-1001. Summary plan description
§ 51.1-1002. Annual statement of benefits
§ 51.1-1003. Financial reports by retirement systems; auditor to promulgate standards