Any county, city, or town in this Commonwealth having a police department may establish, in the manner hereinafter provided, a board to be known as the "police officers' pension and retirement board." The board shall be a body corporate and consist of five members. One member shall be the treasurer of the county, city, or town and shall also be the treasurer of the board. Two members shall be elected by the majority vote of the members of the police department, one for a term of four years and one for a term of two years, and all successors in office of the one elected for two years shall be elected for terms of four years. Two members shall be appointed by the governing body for terms of four years.
When any board is established, it shall, at its first meeting and annually thereafter, elect one of the members as president and one as secretary. The board may also elect a vice-president.
1940, p. 737; Michie Code 1942, § 3035d; Code 1950, § 51-115; 1990, c. 832.
Structure Code of Virginia
Title 51.1 - Pensions, Benefits, and Retirement
Chapter 8 - Local Retirement Systems
§ 51.1-801. Counties, cities, and towns generally
§ 51.1-802. Assets of retirement systems; exemption from taxation; execution and assignment
§ 51.1-803. Investments of retirement systems
§ 51.1-805. In certain counties
§ 51.1-807. Police officers' pension and retirement boards
§ 51.1-808. Powers, authority, and duties of board
§ 51.1-809. Treasurer of board
§ 51.1-810. Time credited to service record
§ 51.1-811. Eligibility for retirement; retirement allowance
§ 51.1-812. Disability from natural causes not originating in performance of official duties
§ 51.1-813. Disability resulting from activities in discharge of official duties
§ 51.1-814. Employing such presumption in determining eligibility for benefits
§ 51.1-816. Reduction of pension and benefits where income earned during disability retirement
§ 51.1-817. Salary deductions payable to estate or refunded
§ 51.1-818. Funds for payment of pensions and benefits
§ 51.1-819. Adoption of article optional by counties, cities, and towns; appeal
§ 51.1-820. Police officers' pensions and retirements
§ 51.1-821. Police Retirement System
§ 51.1-822. Amendment, suspension, or revocation of retirement plan and trust