§ 60.2-711 Definitions
As used in this chapter, unless the context requires a different meaning:
“Affected unit” means a specific plant, department, shift, or other definable unit of an employing unit that has at least two employees to which an approved short-time compensation plan applies.
“Health and retirement benefits” means employer-provided health benefits and retirement benefits under a defined benefit pension plan as defined in § 414(j) of the Internal Revenue Code or contributions under a defined contribution plan as defined in § 414(i) of the Internal Revenue Code that are incidents of employment in addition to the cash remuneration earned.
“Program” means the short-time compensation program established pursuant to this chapter.
“Short-time compensation” means the unemployment benefits payable to employees in an affected unit under an approved short-time compensation plan, as distinguished from the unemployment benefits otherwise payable under the unemployment compensation provisions of this title.
“Work sharing plan” or “plan” means a plan submitted by an employer to the Commission for approval to participate in the Program.
History
This law was first created in 2020. The record of its establishment is cataloged in chapter 1261 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
2020, c. 1261.