CODE OF VIRGINIA

PARTICIPATION IN PLAN BY CERTAIN EMPLOYEES (§ 51.1-601.1)

All employees of the Commonwealth and its agencies commencing employment or who
are reemployed on or after January 1, 2008, in a position covered by the
Virginia Retirement System, and who (i) have not elected to participate in a
plan established pursuant to § 403(b) of the Internal Revenue Code of 1986, as
amended, or (ii) do not participate in the hybrid retirement program described
in § 51.1-169, shall participate in the plan described in § 51.1-602, unless
such employee elects, in a manner prescribed by the Board, not to participate in
such plan. The amount of the deferral for any such employee participating in the
plan shall equal, on a semimonthly basis, $ 20 of otherwise payable
compensation, unless the employee elects to defer a different amount.

HISTORY: 2007, c. 253; 2012, cc. 701, 823; 2013, c. 463.