{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/51.1-126.3.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/51.1-126.3.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/51.1-126.3.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/51.1-126.3.html"}],"law_id":59098,"edition_id":1,"section_id":59098,"structure_id":13057,"section_number":"51.1-126.3","catch_line":"Employees of the University of Virginia Medical Center","history":"1996, cc. 933, 995; 2000, c. 723; 2003, c. 369.","full_text":"A\n\nThe University of Virginia Medical Center, hereafter referred to as the Medical Center, may establish one or more retirement plans covering in whole or in part its employees. The Medical Center is authorized to make contributions for the benefit of its employees who are covered by any plan established pursuant to this section. Any such alternative retirement plans for Medical Center employees shall not become effective until such time as the Board of Visitors of the University of Virginia may determine. Except as provided herein, all employees of the Medical Center who are employed by the Medical Center on or after July 1, 2000, shall be participants in a Medical Center retirement plan established pursuant to this section, with a contribution by the Medical Center at a rate to be determined by the University of Virginia Board of Visitors. However, an employee hired by the Medical Center on or after July 1, 2003, who, as of the first day of such employment, is a current member of the Virginia Retirement System defined benefit retirement plan established by this chapter shall elect to either: (i) continue to participate in such defined benefit retirement plan or (ii) choose the plan provided by the Medical Center with a contribution by the Medical Center at a rate to be determined by the University of Virginia Board of Visitors. Such election shall be exercised not later than 60 days from the time of the employee’s entry into the performance of his duties for the Medical Center, and the election shall be irrevocable. During such 60-day period, to the time of such election, such employee shall participate in the Virginia Retirement System defined benefit retirement plan established by this chapter. If such election is not made within the time period provided in this subsection, such employee shall be deemed to have elected to participate in the retirement plan established by the Medical Center.B\n\nWith respect to any employee of the Medical Center who elects to continue to participate in the Virginia Retirement System defined benefit retirement plan, the Medical Center shall collect and pay all employee and employer contributions due to the Virginia Retirement System for retirement and group life insurance in accordance with the provisions of Chapter 1 (§ 51.1-124.1 et seq.) of this title for such employees. For Medical Center employees who elect or who are required pursuant to subsection A to become members of the retirement program established by the Medical Center, the Virginia Retirement System or other such authorized plan shall transfer to the retirement plan established by the Medical Center assets equal to the actuarially determined present value of the accrued basic benefit as of the transfer date. For purposes hereof, the basic benefit shall be the benefit accrued under the Virginia Retirement System or other such authorized retirement plan, based on creditable service and average final compensation, as defined in § 51.1-124.3 and determined as of the transfer date. The actuarial present value shall be determined on the same basis, using the same actuarial factors and assumptions used in determining the funding needs of the Virginia Retirement System or other such authorized retirement plan, so that the transfer of assets to the retirement plan established by the Medical Center will have no effect on the funded status and financial stability of the Virginia Retirement System or other such authorized retirement plan.C\n\nNo employee of the Medical Center who is an active member of any plan established under this section shall also be an active member of the retirement system established by this chapter or a beneficiary of such other plan other than as a contingent annuitant.D\n\nThe University of Virginia Board of Visitors shall adopt guidelines for the implementation of the provisions of this section, including guidelines for the administration of any retirement plan established pursuant to this section. The Board shall have no duties and responsibilities with respect to such plan. The guidelines adopted by the Board of Visitors shall be filed with the Board of Trustees of the Virginia Retirement System.","order_by":null,"text":{"0":{"id":216735,"text":"The University of Virginia Medical Center, hereafter referred to as the Medical Center, may establish one or more retirement plans covering in whole or in part its employees. The Medical Center is authorized to make contributions for the benefit of its employees who are covered by any plan established pursuant to this section. Any such alternative retirement plans for Medical Center employees shall not become effective until such time as the Board of Visitors of the University of Virginia may determine. Except as provided herein, all employees of the Medical Center who are employed by the Medical Center on or after July 1, 2000, shall be participants in a Medical Center retirement plan established pursuant to this section, with a contribution by the Medical Center at a rate to be determined by the University of Virginia Board of Visitors. However, an employee hired by the Medical Center on or after July 1, 2003, who, as of the first day of such employment, is a current member of the Virginia Retirement System defined benefit retirement plan established by this chapter shall elect to either: (i) continue to participate in such defined benefit retirement plan or (ii) choose the plan provided by the Medical Center with a contribution by the Medical Center at a rate to be determined by the University of Virginia Board of Visitors. Such election shall be exercised not later than 60 days from the time of the employee’s entry into the performance of his duties for the Medical Center, and the election shall be irrevocable. During such 60-day period, to the time of such election, such employee shall participate in the Virginia Retirement System defined benefit retirement plan established by this chapter. If such election is not made within the time period provided in this subsection, such employee shall be deemed to have elected to participate in the retirement plan established by the Medical Center.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":216736,"text":"With respect to any employee of the Medical Center who elects to continue to participate in the Virginia Retirement System defined benefit retirement plan, the Medical Center shall collect and pay all employee and employer contributions due to the Virginia Retirement System for retirement and group life insurance in accordance with the provisions of Chapter 1 (§ 51.1-124.1 et seq.) of this title for such employees. For Medical Center employees who elect or who are required pursuant to subsection A to become members of the retirement program established by the Medical Center, the Virginia Retirement System or other such authorized plan shall transfer to the retirement plan established by the Medical Center assets equal to the actuarially determined present value of the accrued basic benefit as of the transfer date. For purposes hereof, the basic benefit shall be the benefit accrued under the Virginia Retirement System or other such authorized retirement plan, based on creditable service and average final compensation, as defined in § 51.1-124.3 and determined as of the transfer date. The actuarial present value shall be determined on the same basis, using the same actuarial factors and assumptions used in determining the funding needs of the Virginia Retirement System or other such authorized retirement plan, so that the transfer of assets to the retirement plan established by the Medical Center will have no effect on the funded status and financial stability of the Virginia Retirement System or other such authorized retirement plan.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":216737,"text":"No employee of the Medical Center who is an active member of any plan established under this section shall also be an active member of the retirement system established by this chapter or a beneficiary of such other plan other than as a contingent annuitant.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":216738,"text":"The University of Virginia Board of Visitors shall adopt guidelines for the implementation of the provisions of this section, including guidelines for the administration of any retirement plan established pursuant to this section. The Board shall have no duties and responsibilities with respect to such plan. The guidelines adopted by the Board of Visitors shall be filed with the Board of Trustees of the Virginia Retirement System.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":13057,"edition_id":1,"name":"Membership in Retirement System","identifier":"4","label":"article","depth":3,"order_by":1,"parent_id":13056,"metadata":{},"date_created":"2026-06-26 03:44:11","date_modified":"2026-06-26 03:44:11","permalink":{"id":235189,"object_type":"structure","relational_id":13057,"identifier":"4","token":"51.1\/1\/4","url":"\/51.1\/1\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13056,"edition_id":1,"name":"Virginia Retirement System","identifier":"1","label":"chapter","depth":2,"order_by":1,"parent_id":12947,"metadata":{},"date_created":"2026-06-26 03:44:11","date_modified":"2026-06-26 03:44:11","permalink":{"id":235031,"object_type":"structure","relational_id":13056,"identifier":"1","token":"51.1\/1","url":"\/51.1\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12947,"edition_id":1,"name":"Pensions, Benefits, and Retirement","identifier":"51.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":235029,"object_type":"structure","relational_id":12947,"identifier":"51.1","token":"51.1","url":"\/51.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":84519,"structure_id":13057,"section_number":"51.1-125","catch_line":"Persons composing membership; persons holding more than one position","url":"\/51.1-125\/","token":"51.1\/1\/4\/51.1-125","metadata":false},{"id":74626,"structure_id":13057,"section_number":"51.1-126","catch_line":"Employees of institutions of higher education","url":"\/51.1-126\/","token":"51.1\/1\/4\/51.1-126","metadata":false},{"id":70940,"structure_id":13057,"section_number":"51.1-126.1","catch_line":"Certain employees of teaching hospitals","url":"\/51.1-126.1\/","token":"51.1\/1\/4\/51.1-126.1","metadata":false},{"id":65797,"structure_id":13057,"section_number":"51.1-126.2","catch_line":"Repealed","url":"\/51.1-126.2\/","token":"51.1\/1\/4\/51.1-126.2","metadata":false},{"id":59098,"structure_id":13057,"section_number":"51.1-126.3","catch_line":"Employees of the University of Virginia Medical Center","url":"\/51.1-126.3\/","token":"51.1\/1\/4\/51.1-126.3","metadata":false},{"id":85814,"structure_id":13057,"section_number":"51.1-126.4","catch_line":"Employees of the Virginia Port Authority","url":"\/51.1-126.4\/","token":"51.1\/1\/4\/51.1-126.4","metadata":false},{"id":70111,"structure_id":13057,"section_number":"51.1-126.5","catch_line":"Defined contribution plan for eligible members","url":"\/51.1-126.5\/","token":"51.1\/1\/4\/51.1-126.5","metadata":false},{"id":86163,"structure_id":13057,"section_number":"51.1-126.6","catch_line":"Certain employees of public school divisions","url":"\/51.1-126.6\/","token":"51.1\/1\/4\/51.1-126.6","metadata":false},{"id":84459,"structure_id":13057,"section_number":"51.1-126.7","catch_line":"Employees of the Virginia Outdoors Foundation","url":"\/51.1-126.7\/","token":"51.1\/1\/4\/51.1-126.7","metadata":false},{"id":65817,"structure_id":13057,"section_number":"51.1-126.8","catch_line":"Maximum contributions to optional plans; coordination of limits","url":"\/51.1-126.8\/","token":"51.1\/1\/4\/51.1-126.8","metadata":false},{"id":54112,"structure_id":13057,"section_number":"51.1-127","catch_line":"Federal Employees' Retirement System","url":"\/51.1-127\/","token":"51.1\/1\/4\/51.1-127","metadata":false},{"id":86067,"structure_id":13057,"section_number":"51.1-128","catch_line":"Cessation of membership","url":"\/51.1-128\/","token":"51.1\/1\/4\/51.1-128","metadata":false},{"id":71232,"structure_id":13057,"section_number":"51.1-129","catch_line":"Limitation on membership","url":"\/51.1-129\/","token":"51.1\/1\/4\/51.1-129","metadata":false}],"previous_section":{"id":65797,"structure_id":13057,"section_number":"51.1-126.2","catch_line":"Repealed","url":"\/51.1-126.2\/","token":"51.1\/1\/4\/51.1-126.2","metadata":false},"next_section":{"id":85814,"structure_id":13057,"section_number":"51.1-126.4","catch_line":"Employees of the Virginia Port Authority","url":"\/51.1-126.4\/","token":"51.1\/1\/4\/51.1-126.4","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/51.1-126.3\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapters 933<\/a> and 995<\/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 2 times. 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. Those modifications are as follows: in 2000, chapter 723<\/a>; in 2003, chapter 369<\/a>.<\/p>","references":[{"id":61045,"section_number":"2.2-2817.2","catch_line":"Employees of the University of Virginia Medical Center","order_by":null,"url":"\/2.2-2817.2\/"},{"id":84746,"section_number":"23.1-1000","catch_line":"Definitions","order_by":null,"url":"\/23.1-1000\/"},{"id":70634,"section_number":"51.1-124.3","catch_line":"Definitions","order_by":null,"url":"\/51.1-124.3\/"},{"id":75331,"section_number":"51.1-1400","catch_line":"Health insurance credits for retired state employees","order_by":null,"url":"\/51.1-1400\/"},{"id":62951,"section_number":"51.1-145","catch_line":"Employer contributions","order_by":null,"url":"\/51.1-145\/"},{"id":65950,"section_number":"51.1-161","catch_line":"Withdrawal of contributions before retirement","order_by":null,"url":"\/51.1-161\/"},{"id":83100,"section_number":"51.1-169","catch_line":"Hybrid retirement program","order_by":null,"url":"\/51.1-169\/"}],"refers_to":[{"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\/"}],"permalink":{"id":235207,"object_type":"law","relational_id":59098,"identifier":"51.1-126.3","token":"51.1\/1\/4\/51.1-126.3","url":"\/51.1-126.3\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/51.1-126.3\/","token":"51.1\/1\/4\/51.1-126.3","dublin_core":{"Title":"Employees of the University of Virginia Medical Center","Type":"Text","Format":"text\/html","Identifier":"\u00a7 51.1-126.3","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The University of Virginia Medical Center, hereafter referred to as the Medical Center, may establish one or more retirement plans covering in whole or in part its employees<\/span>. The Medical Center is authorized to make contributions for the benefit of its employees<\/span> who are covered by any plan established pursuant to this section. Any such alternative retirement plans for Medical Center employees<\/span> shall not become effective until such time as the Board<\/span> of Visitors of the University of Virginia may determine. Except as provided herein, all employees<\/span> of the Medical Center who are employed by the Medical Center on or after July 1, 2000, shall be participants in a Medical Center retirement plan established pursuant to this section, with a contribution by the Medical Center at a rate to be determined by the University of Virginia Board<\/span> of Visitors. However, an employee<\/span> hired by the Medical Center on or after July 1, 2003, who, as of the first day of such employment, is a current member<\/span> of the Virginia Retirement System<\/span> defined benefit retirement plan established by this chapter shall elect to either: (i) continue to participate in such defined benefit retirement plan or (ii) choose the plan provided by the Medical Center with a contribution by the Medical Center at a rate to be determined by the University of Virginia Board<\/span> of Visitors. Such election shall be exercised not later than 60 days from the time of the employee<\/span>’s entry into the performance of his duties for the Medical Center, and the election shall be irrevocable. During such 60-day period, to the time of such election, such employee<\/span> shall participate in the Virginia Retirement System<\/span> defined benefit retirement plan established by this chapter. If such election is not made within the time period provided in this subsection, such employee<\/span> shall be deemed to have elected to participate in the retirement plan established by the Medical Center. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> With respect to any employee<\/span> of the Medical Center who elects to continue to participate in the Virginia Retirement System<\/span> defined benefit retirement plan, the Medical Center shall collect and pay all employee<\/span> and employer<\/span> contributions due to the Virginia Retirement System<\/span> for retirement and group life insurance in accordance with the provisions of Chapter 1 (§ 51.1-124.1<\/a> et seq.) of this title for such employees<\/span>. For Medical Center employees<\/span> who elect or who are required pursuant to subsection A to become members<\/span> of the retirement program established by the Medical Center, the Virginia Retirement System<\/span> or other such authorized plan shall transfer to the retirement plan established by the Medical Center assets<\/span> equal to the actuarially determined present value of the accrued basic benefit as of the transfer date. For purposes hereof, the basic benefit shall be the benefit accrued under the Virginia Retirement System<\/span> or other such authorized retirement plan, based on creditable service<\/span> and average final compensation<\/span>, as defined in § 51.1-124.3<\/a> and determined as of the transfer date. The actuarial present value shall be determined on the same basis, using the same actuarial factors and assumptions used in determining the funding needs of the Virginia Retirement System<\/span> or other such authorized retirement plan, so that the transfer of assets<\/span> to the retirement plan established by the Medical Center will have no effect on the funded status and financial stability of the Virginia Retirement System<\/span> or other such authorized retirement plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> No employee<\/span> of the Medical Center who is an active member<\/span> of any plan established under this section shall also be an active member<\/span> of the retirement system<\/span> established by this chapter or a beneficiary<\/span> of such other plan other than as a contingent annuitant. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The University of Virginia Board<\/span> of Visitors shall adopt guidelines for the implementation of the provisions of this section, including guidelines for the administration of any retirement plan established pursuant to this section. The Board<\/span> shall have no duties and responsibilities with respect to such plan. The guidelines adopted by the Board<\/span> of Visitors shall be filed with the Board<\/span> of Trustees of the Virginia Retirement System<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEMPLOYEES OF THE UNIVERSITY OF VIRGINIA MEDICAL CENTER (\u00a7 51.1-126.3)\n\nA. The University of Virginia Medical Center, hereafter referred to as the\nMedical Center, may establish one or more retirement plans covering in whole or\nin part its employees. The Medical Center is authorized to make contributions\nfor the benefit of its employees who are covered by any plan established\npursuant to this section. Any such alternative retirement plans for Medical\nCenter employees shall not become effective until such time as the Board of\nVisitors of the University of Virginia may determine. Except as provided herein,\nall employees of the Medical Center who are employed by the Medical Center on or\nafter July 1, 2000, shall be participants in a Medical Center retirement plan\nestablished pursuant to this section, with a contribution by the Medical Center\nat a rate to be determined by the University of Virginia Board of Visitors.\nHowever, an employee hired by the Medical Center on or after July 1, 2003, who,\nas of the first day of such employment, is a current member of the Virginia\nRetirement System defined benefit retirement plan established by this chapter\nshall elect to either: (i) continue to participate in such defined benefit\nretirement plan or (ii) choose the plan provided by the Medical Center with a\ncontribution by the Medical Center at a rate to be determined by the University\nof Virginia Board of Visitors. Such election shall be exercised not later than\n60 days from the time of the employee’s entry into the performance of his\nduties for the Medical Center, and the election shall be irrevocable. During\nsuch 60-day period, to the time of such election, such employee shall\nparticipate in the Virginia Retirement System defined benefit retirement plan\nestablished by this chapter. If such election is not made within the time period\nprovided in this subsection, such employee shall be deemed to have elected to\nparticipate in the retirement plan established by the Medical Center.\n\nB. With respect to any employee of the Medical Center who elects to continue to\nparticipate in the Virginia Retirement System defined benefit retirement plan,\nthe Medical Center shall collect and pay all employee and employer contributions\ndue to the Virginia Retirement System for retirement and group life insurance in\naccordance with the provisions of Chapter 1 (§ 51.1-124.1 et seq.) of this\ntitle for such employees. For Medical Center employees who elect or who are\nrequired pursuant to subsection A to become members of the retirement program\nestablished by the Medical Center, the Virginia Retirement System or other such\nauthorized plan shall transfer to the retirement plan established by the Medical\nCenter assets equal to the actuarially determined present value of the accrued\nbasic benefit as of the transfer date. For purposes hereof, the basic benefit\nshall be the benefit accrued under the Virginia Retirement System or other such\nauthorized retirement plan, based on creditable service and average final\ncompensation, as defined in § 51.1-124.3 and determined as of the transfer\ndate. The actuarial present value shall be determined on the same basis, using\nthe same actuarial factors and assumptions used in determining the funding needs\nof the Virginia Retirement System or other such authorized retirement plan, so\nthat the transfer of assets to the retirement plan established by the Medical\nCenter will have no effect on the funded status and financial stability of the\nVirginia Retirement System or other such authorized retirement plan.\n\nC. No employee of the Medical Center who is an active member of any plan\nestablished under this section shall also be an active member of the retirement\nsystem established by this chapter or a beneficiary of such other plan other\nthan as a contingent annuitant.\n\nD. The University of Virginia Board of Visitors shall adopt guidelines for the\nimplementation of the provisions of this section, including guidelines for the\nadministration of any retirement plan established pursuant to this section. The\nBoard shall have no duties and responsibilities with respect to such plan. The\nguidelines adopted by the Board of Visitors shall be filed with the Board of\nTrustees of the Virginia Retirement System.\n\nHISTORY: 1996, cc. 933, 995; 2000, c. 723; 2003, c. 369.","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}}