CODE OF VIRGINIA

REIMBURSEMENT BY COMMONWEALTH FOR PORTION OF EMPLOYER CONTRIBUTION ON ACCOUNT OF
CERTAIN OFFICERS AND EMPLOYEES (§ 51.1-806)

Any county or city operating a local retirement system which does not
participate in the Virginia Retirement System and which defines as
“compensation” the full compensation payable or fees earnable by its
county and city treasurer, attorney for the Commonwealth, commissioner of the
revenue, clerk of court, sheriff, and a deputy or employee of any such officer
may be reimbursed for a portion of the employer contribution paid on behalf of
any such officer, deputy, or employee.  In such cases, the political subdivision
shall, at least biennially, submit to the Compensation Board information
required by the Board’s actuary for computing, at the expense of the
employing political subdivision, the employer contribution rate that would be
applicable if all such officers, deputies, or employees thereof were members of
the VirginiaRetirement System.  The Retirement Board shall compute the employer
contribution rate on the assumption that no service prior to the computation
date was creditable, and no assets were allocable to such members.  The
political subdivision shall be reimbursed by the Compensation Board on the basis
on which the Commonwealth pays the salaries of such officer, deputy, or employee
or shares, or would share, in the excess fees from the office.

HISTORY: 1958, c. 368, § 51-114.2; 1960, c. 486; 1966, c. 174; 1990, c. 832.