Va. Code § 51.1-617: Definitions

As used in this chapter, unless the context requires a different meaning:"Board" means the Board of Trustees of the Virginia Retirement System."Eligible employee" means any turnaround specialist or member of the middle school teacher corps providing services for a participating public school division pursuant to subsections E and F of § 22.1-199.1."Participating employer" means any local public school board that offers and pays the costs of improved retirement benefits as described in subsections E and F of § 22.1-199.1."Plan" means the defined contribution plan established pursuant to this chapter and the provisions of § 401 (a) of the Internal Revenue Code of 1986, as amended."Qualified participant" means an eligible employee of a participating employer.2004, c. 436; 2020, cc. 860, 861.