Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
§ 51.1-100. Repealed - Repealed by Acts 1994, cc. 4, 85. For effective dates,...
§ 51.1-124.1. Virginia Retirement System established - Article X, § 11 of the Constitution of Virginia requires...
§ 51.1-124.2. Virginia Supplemental Retirement System continued as Virginia Retirement System - The Virginia Supplemental Retirement System, a body corporate and a...
§ 51.1-124.3. Definitions - As used in this chapter, unless the context requires a...
§ 51.1-124.4. Exemption of assets from taxation; exemption of benefits and assets from execution and assignment; trust funds; unclaimed property; eligible rollover distribution - A. The assets of the retirement systems created under this...
§ 51.1-124.5. Disclosure of social security account numbers - The Retirement System may require the disclosure of the social...
§ 51.1-124.6. Benefits to be paid monthly - All benefits payable by the Retirement System shall be paid...
§ 51.1-124.7. Distribution of assets upon repeal of system - A. If the General Assembly repeals the provisions of this...
§ 51.1-124.8. Persons affected by changes in retirement benefits - Unless otherwise specifically stated, legislation which effects a change in...
§ 51.1-124.9. Changes or errors in records resulting in erroneous payments; employer liability - A. 1. If any change or error in records results...
§ 51.1-124.10. Falsification of records; penalty - Any person who knowingly makes any false statement or falsifies...
§ 51.1-124.11. Recovery of payments procured by fraud, false statement, etc. - Any payment to a member or beneficiary which is later...
§ 51.1-124.12. Procedure when employer required to withdraw funds - A. As used in this section, unless the context clearly...
§ 51.1-124.13. Loss of benefits; certain felony convictions - A. No person shall be entitled to any of the...
§ 51.1-124.14. Reserved - Reserved.
§ 51.1-124.20. Board of Trustees; membership; terms; quorum; compensation and expenses - A. The Board of Trustees of the Virginia Retirement System...
§ 51.1-124.21. Application of State and Local Government Conflict of Interests Act - The provisions of the State and Local Government Conflict of...
§ 51.1-124.22. Board to administer Retirement System; powers and duties - A. The Retirement System shall be administered by the Board...
§ 51.1-124.23. Medical boards - A. The Board may create one or more medical boards...
§ 51.1-124.24. Chief investment officer; qualifications; duties - A. To assist the Board of Trustees in fulfilling its...
§ 51.1-124.25. Existing advisory committees of the Virginia Retirement System abolished - As of March 25, 1994, the existing advisory committees of...
§ 51.1-124.26. Advisory Committees to the Board of Trustees; membership; terms; qualifications; duties - To further assist the Board of Trustees in fulfilling its...
§ 51.1-124.27. Employees of the Retirement System - The officers and employees of the Virginia Retirement System shall...
§ 51.1-124.28. Legal representation in criminal matters - Upon the acquittal, dismissal of charges, nolle prosequi, or any...
§ 51.1-124.29. Reserved - Reserved.
§ 51.1-124.30. Board as trustee of funds; investments; standard of care; liability for losses - A. The Board shall be the trustee of the funds...
§ 51.1-124.30:1. Adoption of stress testing and reporting policies - The Virginia Retirement System (VRS) shall adopt a formal policy...
§ 51.1-124.31. Pooling of assets for investment - The Board may invest the assets of any retirement system...
§ 51.1-124.32. Exemption from Public Procurement Act - The selection of services related to the management, purchase, or...
§ 51.1-124.33. Deposit of trust funds not an investment; authorized deposits - The Board may authorize the deposit of trust funds in...
§ 51.1-124.34. Retention of investments that become ineligible - An investment that conformed with the provisions of this chapter...
§ 51.1-124.35. Investment provisions exclusive - Investment of trust funds by the Board shall be governed...
§ 51.1-124.36. Investment of assets of the Commonwealth Health Research Fund - A. In addition to such other powers as shall be...
§ 51.1-124.37. Investment of assets of the Commonwealth's Attorneys Training Fund - A. In addition to such other powers as shall be...
§ 51.1-124.38. Repealed - Repealed by Acts 2020, cc. 1164 and 1169, cl. 2.
§ 51.1-124.39. Investment of assets of the Line of Duty Death and Health Benefits Trust Fund - A. In addition to such other powers as shall be...
§ 51.1-124.40. Investment of assets of the Opioid Abatement Fund - A. In addition to such other powers as shall be...
§ 51.1-125. Persons composing membership; persons holding more than one position - A. All persons who become employees after March 1, 1952,...
§ 51.1-126. Employees of institutions of higher education - For purposes of this section, "optional retirement plan" means a...
§ 51.1-126.1. Certain employees of teaching hospitals - A. Any teaching hospital affiliated with an institution of higher...
§ 51.1-126.2. Repealed - Repealed by Acts 1998, c. 449.
§ 51.1-126.3. Employees of the University of Virginia Medical Center - A. The University of Virginia Medical Center, hereafter referred to...
§ 51.1-126.4. Employees of the Virginia Port Authority - A. The Virginia Port Authority, hereinafter referred to as the...
§ 51.1-126.5. Defined contribution plan for eligible members - A. As used in this section, unless the context requires...
§ 51.1-126.6. Certain employees of public school divisions - A. The Board shall establish a defined contribution plan covering...
§ 51.1-126.7. Employees of the Virginia Outdoors Foundation - A. The Virginia Outdoors Foundation, hereinafter referred to as the...
§ 51.1-126.8. Maximum contributions to optional plans; coordination of limits - A. Notwithstanding any other provision of law, the annual additions...
§ 51.1-127. Federal Employees' Retirement System - The Virginia Cooperative Extension Service is hereby authorized to make...
§ 51.1-128. Cessation of membership - Membership in the retirement system shall cease (i) upon the...
§ 51.1-129. Limitation on membership - No provision of any other statute which provides that the...
§ 51.1-130. Resolution of governing body; approval by Board - A. The governing body of a political subdivision may adopt...
§ 51.1-131. Local pension systems; transfer to retirement system - The members of any annuity fund, benevolent association, or retirement...
§ 51.1-132. Eligible employees - Officers and employees of the political subdivision who are regularly...
§ 51.1-133. Limitation on membership - Employees who are members of any retirement, pension, or benefit...
§ 51.1-134. Optional membership; creditable service - Membership in the retirement system for eligible employees in service...
§ 51.1-135. Compulsory membership - Membership in the retirement system shall be compulsory for all...
§ 51.1-136. Submitting information and performing duties prescribed by Board - The chief fiscal officer of the employer and the heads...
§ 51.1-137. Computation of employer contribution rates; reimbursement by Commonwealth - A. At least once in each two-year period, the actuary...
§ 51.1-137.1. Certain local data to be provided - In addition to the annual actuarial evaluation currently provided to...
§ 51.1-138. Benefits - A. Employees who become members under this article and on...
§ 51.1-139. Procedure when employer in default - An employer's agreement to contribute on behalf of its employees...
§ 51.1-140. Repealed - Repealed by Acts 2012, c. 696, cl. 2.
§ 51.1-141. Service equivalents - The Board shall determine how much service in any month...
§ 51.1-142. Repealed - Repealed by Acts 2001, cc. 686 and 697.
§ 51.1-142.2. Prior service or membership credit for certain members; service credit for accumulated sick leave - Certain members may purchase credit for service as provided in...
§ 51.1-142.3. Purchase of additional prior service credit by certain school division superintendents - A. In addition to the four years of prior service...
§ 51.1-143. Repealed - Repealed by Acts 2001, cc. 686 and 697.
§ 51.1-143.1. Portability of service credit between the Virginia Retirement System and certain political subdivisions of the Commonwealth - The Virginia Retirement System may enter into an agreement with...
§ 51.1-144. Member contributions - A. Each member shall contribute five percent of his creditable...
§ 51.1-145. (Effective until July 1, 2024) Employer contributions - A. The total annual employer contribution for each employer, expressed...
§ 51.1-145. (Effective July 1, 2024) Employer contributions - A. The total annual employer contribution for each employer, expressed...
§ 51.1-146. Failure to report or pay contributions or insurance premiums - Every employer shall file all reports and pay all contributions...
§ 51.1-147. Members' contribution account - A. All members' contributions and interest allowances shall be credited...
§ 51.1-148. Retirement allowance account - A. All employer contributions, all amounts transferred from the members'...
§ 51.1-149. Appointment of custodian; payments - The Board is authorized to appoint custodians for the safekeeping...
§ 51.1-150. Deposits - For the purpose of meeting disbursements for retirement allowances and...
§ 51.1-151. Repealed - Repealed by Acts 1997, c. 641.
§ 51.1-152. Limitations on average final compensation - If an employee receives increases in compensation in the last...
§ 51.1-153. Service retirement - A. Normal retirement. -- Any member in service at his...
§ 51.1-154. Compulsory service retirement - Any employer, subsequent to the employee's normal retirement date, may...
§ 51.1-155. Service retirement allowance - A. Retirement allowance. — A member shall receive an annual...
§ 51.1-155.1. Exceptions from general early retirement provisions for certain state employees and constitutional officers - A. The provisions of this subsection apply to any member...
§ 51.1-155.2. Exceptions from general early retirement provisions for certain local government officials - A. The provisions of this section apply to any member...
§ 51.1-156. Disability retirement - A. Any member in service or within ninety days after...
§ 51.1-157. Disability retirement allowance - A. Allowance payable on retirement. — Upon retirement for disability,...
§ 51.1-158. Reduction of benefits for acceptance of lump-sum settlement under Workers' Compensation Act - The retirement allowance (i) of any member retiring for disability...
§ 51.1-159. Medical examinations of persons retired for disability - A. Once each year following retirement, the Board may require...
§ 51.1-160. Cessation of disability retirement allowance - A. If a beneficiary of a disability retirement allowance returns...
§ 51.1-161. Withdrawal of contributions before retirement - A. 1. Any member who has five or more years...
§ 51.1-162. Death before retirement - A. If a member dies before retirement, and if no...
§ 51.1-163. Death after retirement - If a member dies after the effective date of retirement,...
§ 51.1-164. Repealed - Repealed by Acts 2010, c. 269, cl. 2.
§ 51.1-165. Optional benefits - A. Any member not taking 50/10 retirement as provided in...
§ 51.1-165.01. Partial lump-sum option for payment of retirement allowance - A. For purposes of this section: "Normal retirement" means normal...
§ 51.1-165.1. Acknowledgment by spouse of member - Any application for retirement benefits under this chapter or Chapter...
§ 51.1-166. Post-retirement supplements generally - A. In addition to the allowances payable under this title,...
§ 51.1-167. Retirement allowance to be reduced in certain cases - In the case of any state employee whose compensation is...
§ 51.1-168. Limits on creditable compensation; maximum benefits; mandatory payment of allowance - A. Notwithstanding any other provision of law, creditable compensation used...
§ 51.1-169. Hybrid retirement program - A. For purposes of this section, "hybrid retirement program" or...