CODE OF VIRGINIA

LOCAL BENEFIT RESTORATION PLANS (§ 51.1-1302)

The governing body of any county, municipality, authority or other political
subdivision of the Commonwealth that does not participate in the retirement
system or that maintains a plan that provides supplemental benefits to employees
covered by the retirement system may, by ordinance or by resolution adopted by a
recorded majority of the members of such governing body, establish for itself
and its employees a benefit restoration plan established under § 415 (m) of the
Internal Revenue Code and, if it deems it advisable, may create a trust or other
special fund for segregation of funds or assets relating to such plan.

HISTORY: 2001, cc. 681, 692; 2006, c. 307.