{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2203.3.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2203.3.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2203.3.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2203.3.html"}],"law_id":71900,"edition_id":1,"section_id":71900,"structure_id":13821,"section_number":"2.2-2203.3","catch_line":"Employees; employment; personnel rules","history":"2012, cc. 779, 817; 2020, c. 1137.","full_text":"A\n\nEmployees of the Authority shall be employed on such terms and conditions as established by the Board. The Board shall develop and adopt personnel rules, policies, and procedures to give its employees grievance rights, ensure that employment decisions shall be based upon the merit and fitness of applicants, and prohibit discrimination on the basis of race, religion, color, sex, sexual orientation, gender identity, or national origin.B\n\nAny employee of the Virginia Commercial Space Flight Authority who is a member of any plan providing health insurance coverage pursuant to Chapter 28 (§ 2.2-2800 et seq.) shall continue to be a member of such health insurance plan under the same terms and conditions. Notwithstanding subsection A of § 2.2-2818, the costs of providing health insurance coverage to such employees who elect to continue to be members of the state employees’ health insurance plan shall be paid by the Authority. Alternatively, an employee may elect to become a member of any health insurance plan established by the Authority. The Authority is authorized to (i) establish a health insurance plan for the benefit of its employees and (ii) enter into agreements with the Department of Human Resource Management providing for the coverage of its employees under the state employees’ health insurance plan, provided that such agreements require the Authority to pay the costs of providing health insurance coverage under such plan.C\n\nAny retired employee of the Virginia Commercial Space Flight Authority shall be eligible to receive the health insurance credit set forth in § 51.1-1400, provided the retired employee meets the eligibility criteria set forth in that section.D\n\nThe Authority is hereby authorized to establish one or more retirement plans for the benefit of its employees (the Authority retirement plan). For purposes of such plans, the provisions of \u00a7 51.1-126.4 shall apply, mutatis mutandis. Any Authority employee who is a member of the Virginia Retirement System or other retirement plan as authorized by Article 4 (\u00a7 51.1-125 et seq.) of Chapter 1 of Title 51.1 (the statutory optional retirement plan) at the time the Authority retirement plan becomes effective shall continue to be a member of the Virginia Retirement System or the statutory optional retirement plan under the same terms and conditions, unless such employee elects to become a member of the Authority retirement plan. For purposes of this subsection, the “Virginia Retirement System” shall include any hybrid retirement program established under Title 51.1.\n\t\t\tThe following rules shall apply:1\n\nThe Authority shall collect and pay all employee and employer contributions to the Virginia Retirement System or the statutory optional retirement plan for retirement and group life insurance in accordance with the provisions of Chapter 1 (§ 51.1-124.1 et seq.) of Title 51.1 for any employee who elects to remain a member of the Virginia Retirement System or a statutory optional retirement plan.2\n\nEmployees who elect to become members of the Authority retirement plan shall be given full credit for their creditable service as defined in § 51.1-124.3 and vesting and benefit accrual under the Authority retirement plan. For any such employee, employment with the Authority shall be treated as employment with any nonparticipating employer for purposes of the Virginia Retirement System or any statutory optional retirement plan.3\n\nFor employees who elect to become members of the Authority retirement plan, the Virginia Retirement System or the statutory optional retirement plan, as applicable, shall transfer to the Authority retirement plan assets equal to the actuarially determined present value of the accrued basic benefits for such employees as of the transfer date. For purposes hereof, “basic benefits” means the benefits accrued under the Virginia Retirement System or under the statutory optional retirement plan based on creditable service and average final compensation as defined in § 51.1-124.3. The actuarial present value shall be determined by using the same actuarial factors and assumptions used in determining the funding needs of the Virginia Retirement System or the statutory optional retirement plan so that the transfer of assets to the Authority retirement plan will have no effect on the funded status and financial stability of the Virginia Retirement System or the statutory optional retirement plan. The Authority shall reimburse the Virginia Retirement System for the cost of actuarial services necessary to determine the present value of the accrued basic benefit of employees who transfer to an Authority retirement plan.4\n\nThe Authority may provide that employees of the Authority who are eligible to participate in any deferred compensation plan sponsored by the Authority shall be enrolled automatically in such plan, unless such employee elects, in a manner prescribed by the Board of the Authority, not to participate. The amount of the deferral under the automatic enrollment and the group of employees to which the automatic enrollment shall apply shall be set by the Board, provided, however, that such employees are provided the opportunity to increase or decrease the amount of the deferral in accordance with the Internal Revenue Code of 1986, as amended.E\n\nThe Authority is hereby authorized to establish a plan providing short-term disability and long-term disability benefits for its employees.","order_by":null,"text":{"0":{"id":259057,"text":"Employees of the Authority shall be employed on such terms and conditions as established by the Board. The Board shall develop and adopt personnel rules, policies, and procedures to give its employees grievance rights, ensure that employment decisions shall be based upon the merit and fitness of applicants, and prohibit discrimination on the basis of race, religion, color, sex, sexual orientation, gender identity, or national origin.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":259058,"text":"Any employee of the Virginia Commercial Space Flight Authority who is a member of any plan providing health insurance coverage pursuant to Chapter 28 (§ 2.2-2800 et seq.) shall continue to be a member of such health insurance plan under the same terms and conditions. Notwithstanding subsection A of § 2.2-2818, the costs of providing health insurance coverage to such employees who elect to continue to be members of the state employees’ health insurance plan shall be paid by the Authority. Alternatively, an employee may elect to become a member of any health insurance plan established by the Authority. The Authority is authorized to (i) establish a health insurance plan for the benefit of its employees and (ii) enter into agreements with the Department of Human Resource Management providing for the coverage of its employees under the state employees’ health insurance plan, provided that such agreements require the Authority to pay the costs of providing health insurance coverage under such plan.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":259059,"text":"Any retired employee of the Virginia Commercial Space Flight Authority shall be eligible to receive the health insurance credit set forth in § 51.1-1400, provided the retired employee meets the eligibility criteria set forth in that section.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":259060,"text":"The Authority is hereby authorized to establish one or more retirement plans for the benefit of its employees (the Authority retirement plan). For purposes of such plans, the provisions of \u00a7 51.1-126.4 shall apply, mutatis mutandis. Any Authority employee who is a member of the Virginia Retirement System or other retirement plan as authorized by Article 4 (\u00a7 51.1-125 et seq.) of Chapter 1 of Title 51.1 (the statutory optional retirement plan) at the time the Authority retirement plan becomes effective shall continue to be a member of the Virginia Retirement System or the statutory optional retirement plan under the same terms and conditions, unless such employee elects to become a member of the Authority retirement plan. For purposes of this subsection, the “Virginia Retirement System” shall include any hybrid retirement program established under Title 51.1.\n\t\t\tThe following rules shall apply:","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"D1"},"4":{"id":259061,"text":"The Authority shall collect and pay all employee and employer contributions to the Virginia Retirement System or the statutory optional retirement plan for retirement and group life insurance in accordance with the provisions of Chapter 1 (§ 51.1-124.1 et seq.) of Title 51.1 for any employee who elects to remain a member of the Virginia Retirement System or a statutory optional retirement plan.","type":"section","prefixes":["D","1"],"prefix":"1","entire_prefix":"D1","prefix_anchor":"D1","level":2,"prior_prefix":"D","next_prefix":"D2"},"5":{"id":259062,"text":"Employees who elect to become members of the Authority retirement plan shall be given full credit for their creditable service as defined in § 51.1-124.3 and vesting and benefit accrual under the Authority retirement plan. For any such employee, employment with the Authority shall be treated as employment with any nonparticipating employer for purposes of the Virginia Retirement System or any statutory optional retirement plan.","type":"section","prefixes":["D","2"],"prefix":"2","entire_prefix":"D2","prefix_anchor":"D2","level":2,"prior_prefix":"D1","next_prefix":"D3"},"6":{"id":259063,"text":"For employees who elect to become members of the Authority retirement plan, the Virginia Retirement System or the statutory optional retirement plan, as applicable, shall transfer to the Authority retirement plan assets equal to the actuarially determined present value of the accrued basic benefits for such employees as of the transfer date. For purposes hereof, “basic benefits” means the benefits accrued under the Virginia Retirement System or under the statutory optional retirement plan based on creditable service and average final compensation as defined in § 51.1-124.3. The actuarial present value shall be determined by using the same actuarial factors and assumptions used in determining the funding needs of the Virginia Retirement System or the statutory optional retirement plan so that the transfer of assets to the Authority retirement plan will have no effect on the funded status and financial stability of the Virginia Retirement System or the statutory optional retirement plan. The Authority shall reimburse the Virginia Retirement System for the cost of actuarial services necessary to determine the present value of the accrued basic benefit of employees who transfer to an Authority retirement plan.","type":"section","prefixes":["D","3"],"prefix":"3","entire_prefix":"D3","prefix_anchor":"D3","level":2,"prior_prefix":"D2","next_prefix":"D4"},"7":{"id":259064,"text":"The Authority may provide that employees of the Authority who are eligible to participate in any deferred compensation plan sponsored by the Authority shall be enrolled automatically in such plan, unless such employee elects, in a manner prescribed by the Board of the Authority, not to participate. The amount of the deferral under the automatic enrollment and the group of employees to which the automatic enrollment shall apply shall be set by the Board, provided, however, that such employees are provided the opportunity to increase or decrease the amount of the deferral in accordance with the Internal Revenue Code of 1986, as amended.","type":"section","prefixes":["D","4"],"prefix":"4","entire_prefix":"D4","prefix_anchor":"D4","level":2,"prior_prefix":"D3","next_prefix":"E"},"8":{"id":259065,"text":"The Authority is hereby authorized to establish a plan providing short-term disability and long-term disability benefits for its employees.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D4"}},"ancestry":[{"id":13821,"edition_id":1,"name":"Commercial Space Flight Authority","identifier":"2","label":"article","depth":5,"order_by":1,"parent_id":13344,"metadata":{},"date_created":"2026-06-26 03:45:59","date_modified":"2026-06-26 03:45:59","permalink":{"id":174147,"object_type":"structure","relational_id":13821,"identifier":"2","token":"2.2\/I\/D\/22\/2","url":"\/2.2\/I\/D\/22\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13344,"edition_id":1,"name":"Authorities","identifier":"22","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":173945,"object_type":"structure","relational_id":13344,"identifier":"22","token":"2.2\/I\/D\/22","url":"\/2.2\/I\/D\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":76603,"structure_id":13821,"section_number":"2.2-2201","catch_line":"Short title; definitions","url":"\/2.2-2201\/","token":"2.2\/I\/D\/22\/2\/2.2-2201","metadata":false},{"id":86402,"structure_id":13821,"section_number":"2.2-2202","catch_line":"Declaration of public purpose; Virginia Commercial Space Flight Authority created","url":"\/2.2-2202\/","token":"2.2\/I\/D\/22\/2\/2.2-2202","metadata":false},{"id":79427,"structure_id":13821,"section_number":"2.2-2203","catch_line":"Board of directors; members and officers; Executive Director","url":"\/2.2-2203\/","token":"2.2\/I\/D\/22\/2\/2.2-2203","metadata":false},{"id":65039,"structure_id":13821,"section_number":"2.2-2203.1","catch_line":"Repealed","url":"\/2.2-2203.1\/","token":"2.2\/I\/D\/22\/2\/2.2-2203.1","metadata":false},{"id":65668,"structure_id":13821,"section_number":"2.2-2203.2","catch_line":"Strategic plan","url":"\/2.2-2203.2\/","token":"2.2\/I\/D\/22\/2\/2.2-2203.2","metadata":false},{"id":71900,"structure_id":13821,"section_number":"2.2-2203.3","catch_line":"Employees; employment; personnel rules","url":"\/2.2-2203.3\/","token":"2.2\/I\/D\/22\/2\/2.2-2203.3","metadata":false},{"id":57677,"structure_id":13821,"section_number":"2.2-2203.4","catch_line":"Trust for postemployment benefits authorized; administration","url":"\/2.2-2203.4\/","token":"2.2\/I\/D\/22\/2\/2.2-2203.4","metadata":false},{"id":57668,"structure_id":13821,"section_number":"2.2-2204","catch_line":"Powers of the Authority","url":"\/2.2-2204\/","token":"2.2\/I\/D\/22\/2\/2.2-2204","metadata":false},{"id":69352,"structure_id":13821,"section_number":"2.2-2205","catch_line":"Form, terms, execution and sale of bonds; use of proceeds; interim receipts or temporary bonds; lost or destroyed bonds; faith and credit of state and political subdivisions not pledged; expenses","url":"\/2.2-2205\/","token":"2.2\/I\/D\/22\/2\/2.2-2205","metadata":false},{"id":65786,"structure_id":13821,"section_number":"2.2-2206","catch_line":"Trust indenture or agreement securing bonds","url":"\/2.2-2206\/","token":"2.2\/I\/D\/22\/2\/2.2-2206","metadata":false},{"id":85436,"structure_id":13821,"section_number":"2.2-2207","catch_line":"Moneys received deemed trust funds","url":"\/2.2-2207\/","token":"2.2\/I\/D\/22\/2\/2.2-2207","metadata":false},{"id":75999,"structure_id":13821,"section_number":"2.2-2208","catch_line":"Proceedings by bondholder or trustee to enforce rights","url":"\/2.2-2208\/","token":"2.2\/I\/D\/22\/2\/2.2-2208","metadata":false},{"id":64504,"structure_id":13821,"section_number":"2.2-2209","catch_line":"Bonds made securities for investment and deposit","url":"\/2.2-2209\/","token":"2.2\/I\/D\/22\/2\/2.2-2209","metadata":false},{"id":57238,"structure_id":13821,"section_number":"2.2-2210","catch_line":"Refunding bonds; bonds for refunding and for costs of additional projects","url":"\/2.2-2210\/","token":"2.2\/I\/D\/22\/2\/2.2-2210","metadata":false},{"id":78751,"structure_id":13821,"section_number":"2.2-2211","catch_line":"Grants or loans of public or private funds","url":"\/2.2-2211\/","token":"2.2\/I\/D\/22\/2\/2.2-2211","metadata":false},{"id":82421,"structure_id":13821,"section_number":"2.2-2212","catch_line":"Moneys of Authority","url":"\/2.2-2212\/","token":"2.2\/I\/D\/22\/2\/2.2-2212","metadata":false},{"id":63805,"structure_id":13821,"section_number":"2.2-2213","catch_line":"Forms of accounts and records; audit; annual report","url":"\/2.2-2213\/","token":"2.2\/I\/D\/22\/2\/2.2-2213","metadata":false},{"id":54835,"structure_id":13821,"section_number":"2.2-2214","catch_line":"Exemption from taxes or assessments","url":"\/2.2-2214\/","token":"2.2\/I\/D\/22\/2\/2.2-2214","metadata":false},{"id":68835,"structure_id":13821,"section_number":"2.2-2215","catch_line":"Powers not restrictive; exemptions from Public Procurement Act and the Virginia Personnel Act","url":"\/2.2-2215\/","token":"2.2\/I\/D\/22\/2\/2.2-2215","metadata":false},{"id":80275,"structure_id":13821,"section_number":"2.2-2216","catch_line":"Appropriations by any government","url":"\/2.2-2216\/","token":"2.2\/I\/D\/22\/2\/2.2-2216","metadata":false},{"id":64038,"structure_id":13821,"section_number":"2.2-2217","catch_line":"Conveyance, lease or transfer of property by a city or county to the Authority","url":"\/2.2-2217\/","token":"2.2\/I\/D\/22\/2\/2.2-2217","metadata":false}],"previous_section":{"id":65668,"structure_id":13821,"section_number":"2.2-2203.2","catch_line":"Strategic plan","url":"\/2.2-2203.2\/","token":"2.2\/I\/D\/22\/2\/2.2-2203.2","metadata":false},"next_section":{"id":57677,"structure_id":13821,"section_number":"2.2-2203.4","catch_line":"Trust for postemployment benefits authorized; administration","url":"\/2.2-2203.4\/","token":"2.2\/I\/D\/22\/2\/2.2-2203.4","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2203.3\/","history_text":"

This law was first created in 2012. The record of its establishment is cataloged in chapters 779<\/a> and 817<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2020, chapter 1137<\/a>.<\/p>","references":false,"refers_to":[{"id":68109,"section_number":"2.2-2800","catch_line":"Disability to hold state office","order_by":null,"url":"\/2.2-2800\/"},{"id":68317,"section_number":"2.2-2818","catch_line":"Health and related insurance for state employees","order_by":null,"url":"\/2.2-2818\/"},{"id":68506,"section_number":"51.1-124.1","catch_line":"Virginia Retirement System established","order_by":null,"url":"\/51.1-124.1\/"},{"id":70634,"section_number":"51.1-124.3","catch_line":"Definitions","order_by":null,"url":"\/51.1-124.3\/"},{"id":84519,"section_number":"51.1-125","catch_line":"Persons composing membership; persons holding more than one position","order_by":null,"url":"\/51.1-125\/"},{"id":85814,"section_number":"51.1-126.4","catch_line":"Employees of the Virginia Port Authority","order_by":null,"url":"\/51.1-126.4\/"},{"id":75331,"section_number":"51.1-1400","catch_line":"Health insurance credits for retired state employees","order_by":null,"url":"\/51.1-1400\/"}],"permalink":{"id":174169,"object_type":"law","relational_id":71900,"identifier":"2.2-2203.3","token":"2.2\/I\/D\/22\/2\/2.2-2203.3","url":"\/2.2-2203.3\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2203.3\/","token":"2.2\/I\/D\/22\/2\/2.2-2203.3","dublin_core":{"Title":"Employees; employment; personnel rules","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2203.3","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Employees of the Authority<\/span> shall be employed on such terms and conditions as established by the Board<\/span>. The Board<\/span> shall develop and adopt personnel rules, policies, and procedures to give its employees grievance rights, ensure that employment decisions shall be based upon the merit and fitness of applicants, and prohibit discrimination on the basis of race, religion, color, sex, sexual orientation, gender identity, or national origin. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Any employee of the Virginia Commercial Space Flight Authority<\/span> who is a member of any plan providing health insurance coverage pursuant to Chapter 28 (§ 2.2-2800<\/a> et seq.) shall continue to be a member of such health insurance plan under the same terms and conditions. Notwithstanding subsection A of § 2.2-2818<\/a>, the costs of providing health insurance coverage to such employees who elect to continue to be members of the state<\/span> employees’ health insurance plan shall be paid by the Authority<\/span>. Alternatively, an employee may elect to become a member of any health insurance plan established by the Authority<\/span>. The Authority<\/span> is authorized to (i) establish a health insurance plan for the benefit of its employees and (ii) enter into agreements with the Department of Human Resource Management providing for the coverage of its employees under the state<\/span> employees’ health insurance plan, provided that such agreements require the Authority<\/span> to pay the costs of providing health insurance coverage under such plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Any retired employee of the Virginia Commercial Space Flight Authority<\/span> shall be eligible to receive the health insurance credit set forth in § 51.1-1400<\/a>, provided the retired employee meets the eligibility criteria set forth in that section. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Authority<\/span> is hereby authorized to establish one or more retirement plans for the benefit of its employees (the Authority<\/span> retirement plan). For purposes of such plans, the provisions of \u00a7 51.1-126.4<\/a> shall apply, mutatis mutandis<\/span>. Any Authority<\/span> employee who is a member of the Virginia Retirement System<\/span> or other retirement plan as authorized by Article 4 (\u00a7 51.1-125<\/a> et seq.) of Chapter 1 of Title 51.1 (the statutory optional retirement plan) at the time the Authority<\/span> retirement plan becomes effective shall continue to be a member of the Virginia Retirement System<\/span> or the statutory optional retirement plan under the same terms and conditions, unless such employee elects to become a member of the Authority<\/span> retirement plan. For purposes of this subsection, the “Virginia Retirement System<\/span>” shall include any hybrid retirement program established under Title 51.1.\n\t\t\tThe following rules shall apply: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The Authority<\/span> shall collect and pay all employee and employer contributions to the Virginia Retirement System<\/span> or the statutory optional retirement plan for retirement and group life insurance in accordance with the provisions of Chapter 1 (§ 51.1-124.1<\/a> et seq.) of Title 51.1 for any employee who elects to remain a member of the Virginia Retirement System<\/span> or a statutory optional retirement plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Employees who elect to become members of the Authority<\/span> retirement plan shall be given full credit for their creditable service as defined in § 51.1-124.3<\/a> and vesting and benefit accrual under the Authority<\/span> retirement plan. For any such employee, employment with the Authority<\/span> shall be treated as employment with any nonparticipating employer for purposes of the Virginia Retirement System<\/span> or any statutory optional retirement plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> For employees who elect to become members of the Authority<\/span> retirement plan, the Virginia Retirement System<\/span> or the statutory optional retirement plan, as applicable, shall transfer to the Authority<\/span> retirement plan assets<\/span> equal to the actuarially determined present value of the accrued basic benefits<\/span> for such employees as of the transfer date. For purposes hereof, “basic benefits<\/span>” means the benefits accrued under the Virginia Retirement System<\/span> or under the statutory optional retirement plan based on creditable service and average final compensation as defined in § 51.1-124.3<\/a>. The actuarial present value shall be determined by using the same actuarial factors and assumptions used in determining the funding needs of the Virginia Retirement System<\/span> or the statutory optional retirement plan so that the transfer of assets<\/span> to the Authority<\/span> retirement plan will have no effect on the funded status and financial stability of the Virginia Retirement System<\/span> or the statutory optional retirement plan. The Authority<\/span> shall reimburse the Virginia Retirement System<\/span> for the cost of actuarial services necessary to determine the present value of the accrued basic benefit of employees who transfer to an Authority<\/span> retirement plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The Authority<\/span> may provide that employees of the Authority<\/span> who are eligible to participate in any deferred compensation plan sponsored by the Authority<\/span> shall be enrolled automatically in such plan, unless such employee elects, in a manner prescribed by the Board<\/span> of the Authority<\/span>, not to participate. The amount of the deferral under the automatic enrollment and the group of employees to which the automatic enrollment shall apply shall be set by the Board<\/span>, provided, however, that such employees are provided the opportunity to increase or decrease the amount of the deferral in accordance with the Internal Revenue Code of 1986, as amended. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The Authority<\/span> is hereby authorized to establish a plan providing short-term disability and long-term disability benefits for its employees. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEMPLOYEES; EMPLOYMENT; PERSONNEL RULES (\u00a7 2.2-2203.3)\n\nA. Employees of the Authority shall be employed on such terms and conditions as\nestablished by the Board. The Board shall develop and adopt personnel rules,\npolicies, and procedures to give its employees grievance rights, ensure that\nemployment decisions shall be based upon the merit and fitness of applicants,\nand prohibit discrimination on the basis of race, religion, color, sex, sexual\norientation, gender identity, or national origin.\n\nB. Any employee of the Virginia Commercial Space Flight Authority who is a\nmember of any plan providing health insurance coverage pursuant to Chapter 28\n(§ 2.2-2800 et seq.) shall continue to be a member of such health insurance\nplan under the same terms and conditions. Notwithstanding subsection A of §\n2.2-2818, the costs of providing health insurance coverage to such employees who\nelect to continue to be members of the state employees’ health insurance\nplan shall be paid by the Authority. Alternatively, an employee may elect to\nbecome a member of any health insurance plan established by the Authority. The\nAuthority is authorized to (i) establish a health insurance plan for the benefit\nof its employees and (ii) enter into agreements with the Department of Human\nResource Management providing for the coverage of its employees under the state\nemployees’ health insurance plan, provided that such agreements require\nthe Authority to pay the costs of providing health insurance coverage under such\nplan.\n\nC. Any retired employee of the Virginia Commercial Space Flight Authority shall\nbe eligible to receive the health insurance credit set forth in §\n51.1-1400, provided the retired employee meets the eligibility criteria set\nforth in that section.\n\nD. The Authority is hereby authorized to establish one or more retirement plans\nfor the benefit of its employees (the Authority retirement plan). For purposes\nof such plans, the provisions of \u00a7 51.1-126.4 shall apply, mutatis mutandis.\nAny Authority employee who is a member of the Virginia Retirement System or\nother retirement plan as authorized by Article 4 (\u00a7 51.1-125 et seq.) of\nChapter 1 of Title 51.1 (the statutory optional retirement plan) at the time the\nAuthority retirement plan becomes effective shall continue to be a member of the\nVirginia Retirement System or the statutory optional retirement plan under the\nsame terms and conditions, unless such employee elects to become a member of the\nAuthority retirement plan. For purposes of this subsection, the “Virginia\nRetirement System” shall include any hybrid retirement program established\nunder Title 51.1.\n\t\t\tThe following rules shall apply:\n\n 1. The Authority shall collect and pay all employee and employer contributions\n to the Virginia Retirement System or the statutory optional retirement plan\n for retirement and group life insurance in accordance with the provisions of\n Chapter 1 (§ 51.1-124.1 et seq.) of Title 51.1 for any employee who\n elects to remain a member of the Virginia Retirement System or a statutory\n optional retirement plan.\n\n 2. Employees who elect to become members of the Authority retirement plan\n shall be given full credit for their creditable service as defined in §\n 51.1-124.3 and vesting and benefit accrual under the Authority retirement\n plan. For any such employee, employment with the Authority shall be treated as\n employment with any nonparticipating employer for purposes of the Virginia\n Retirement System or any statutory optional retirement plan.\n\n 3. For employees who elect to become members of the Authority retirement plan,\n the Virginia Retirement System or the statutory optional retirement plan, as\n applicable, shall transfer to the Authority retirement plan assets equal to\n the actuarially determined present value of the accrued basic benefits for\n such employees as of the transfer date. For purposes hereof, “basic\n benefits” means the benefits accrued under the Virginia Retirement\n System or under the statutory optional retirement plan based on creditable\n service and average final compensation as defined in § 51.1-124.3. The\n actuarial present value shall be determined by using the same actuarial\n factors and assumptions used in determining the funding needs of the Virginia\n Retirement System or the statutory optional retirement plan so that the\n transfer of assets to the Authority retirement plan will have no effect on the\n funded status and financial stability of the Virginia Retirement System or the\n statutory optional retirement plan. The Authority shall reimburse the Virginia\n Retirement System for the cost of actuarial services necessary to determine\n the present value of the accrued basic benefit of employees who transfer to an\n Authority retirement plan.\n\n 4. The Authority may provide that employees of the Authority who are eligible\n to participate in any deferred compensation plan sponsored by the Authority\n shall be enrolled automatically in such plan, unless such employee elects, in\n a manner prescribed by the Board of the Authority, not to participate. The\n amount of the deferral under the automatic enrollment and the group of\n employees to which the automatic enrollment shall apply shall be set by the\n Board, provided, however, that such employees are provided the opportunity to\n increase or decrease the amount of the deferral in accordance with the\n Internal Revenue Code of 1986, as amended.\n\nE. The Authority is hereby authorized to establish a plan providing short-term\ndisability and long-term disability benefits for its employees.\n\nHISTORY: 2012, cc. 779, 817; 2020, c. 1137.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}