CODE OF VIRGINIA

AMENDMENT, SUSPENSION, OR REVOCATION OF RETIREMENT PLAN AND TRUST (§ 51.1-822)

The governing body of any county with an urban county executive form of
government may by ordinance reserve the right to amend, suspend, or revoke the
retirement plan and trust at any time, so long as the benefits payable under the
plan are consistent with § 51.1-800.  However, any amendment, suspension, or
revocation shall not have the effect of diverting the trust fund to purposes
other than the exclusive benefit of the participating employees or their
beneficiaries until all liability for accrued benefits payable under the terms
of the plan has been fully satisfied.

HISTORY: 1990, c. 832.