{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/51.1-1301.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/51.1-1301.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/51.1-1301.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/51.1-1301.html"}],"law_id":65889,"edition_id":1,"section_id":65889,"structure_id":16267,"section_number":"51.1-1301","catch_line":"Benefit restoration plan for employees; administration by the Board","history":"2001, cc. 681, 692.","full_text":"A\n\nThe Board shall establish and administer a benefit restoration plan for members. Such plan shall meet the requirements to be treated as a plan established under § 415(m) of the Internal Revenue Code. The Virginia Retirement System Director shall be the chief administrative officer of the plan. The Retirement System is hereby authorized to perform related services including, but not limited to, providing consolidated billing, individual and collective record keeping and accountings, and asset control and safekeeping.B\n\nThe benefit restoration plan shall exist to provide nontaxable benefits to members whose annual benefit is reduced pursuant to subsection B of § 51.1-168. The benefit restoration plan shall be funded from those contributions required under Article 7 (§ 51.1-144 et seq.) of Chapter 1 of this title. If it deems it advisable, the Board may create a trust or other special fund for segregation of the funds or assets relating to a benefit restoration plan established herein.","order_by":null,"text":{"0":{"id":239447,"text":"The Board shall establish and administer a benefit restoration plan for members. Such plan shall meet the requirements to be treated as a plan established under § 415(m) of the Internal Revenue Code. The Virginia Retirement System Director shall be the chief administrative officer of the plan. The Retirement System is hereby authorized to perform related services including, but not limited to, providing consolidated billing, individual and collective record keeping and accountings, and asset control and safekeeping.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":239448,"text":"The benefit restoration plan shall exist to provide nontaxable benefits to members whose annual benefit is reduced pursuant to subsection B of § 51.1-168. The benefit restoration plan shall be funded from those contributions required under Article 7 (§ 51.1-144 et seq.) of Chapter 1 of this title. If it deems it advisable, the Board may create a trust or other special fund for segregation of the funds or assets relating to a benefit restoration plan established herein.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":16267,"edition_id":1,"name":"Benefit Restoration Plan","identifier":"13","label":"chapter","depth":2,"order_by":1,"parent_id":12947,"metadata":{},"date_created":"2026-06-26 04:11:46","date_modified":"2026-06-26 04:11:46","permalink":{"id":235853,"object_type":"structure","relational_id":16267,"identifier":"13","token":"51.1\/13","url":"\/51.1\/13\/","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":86935,"structure_id":16267,"section_number":"51.1-1300","catch_line":"Definitions","url":"\/51.1-1300\/","token":"51.1\/13\/51.1-1300","metadata":false},{"id":65889,"structure_id":16267,"section_number":"51.1-1301","catch_line":"Benefit restoration plan for employees; administration by the Board","url":"\/51.1-1301\/","token":"51.1\/13\/51.1-1301","metadata":false},{"id":70378,"structure_id":16267,"section_number":"51.1-1302","catch_line":"Local benefit restoration plans","url":"\/51.1-1302\/","token":"51.1\/13\/51.1-1302","metadata":false},{"id":81360,"structure_id":16267,"section_number":"51.1-1303","catch_line":"Standards for benefit restoration plans","url":"\/51.1-1303\/","token":"51.1\/13\/51.1-1303","metadata":false},{"id":67147,"structure_id":16267,"section_number":"51.1-1304","catch_line":"Other retirement, pension systems not affected; annual report","url":"\/51.1-1304\/","token":"51.1\/13\/51.1-1304","metadata":false}],"previous_section":{"id":86935,"structure_id":16267,"section_number":"51.1-1300","catch_line":"Definitions","url":"\/51.1-1300\/","token":"51.1\/13\/51.1-1300","metadata":false},"next_section":{"id":70378,"structure_id":16267,"section_number":"51.1-1302","catch_line":"Local benefit restoration plans","url":"\/51.1-1302\/","token":"51.1\/13\/51.1-1302","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/51.1-1301\/","history_text":"

This law was first created in 2001. The record of its establishment is cataloged in chapters 681<\/a> and 692<\/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.<\/p>","references":false,"refers_to":[{"id":81607,"section_number":"51.1-144","catch_line":"Member contributions","order_by":null,"url":"\/51.1-144\/"},{"id":57811,"section_number":"51.1-168","catch_line":"Limits on creditable compensation; maximum benefits; mandatory payment of allowance","order_by":null,"url":"\/51.1-168\/"}],"permalink":{"id":235859,"object_type":"law","relational_id":65889,"identifier":"51.1-1301","token":"51.1\/13\/51.1-1301","url":"\/51.1-1301\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/51.1-1301\/","token":"51.1\/13\/51.1-1301","dublin_core":{"Title":"Benefit restoration plan for employees; administration by the Board","Type":"Text","Format":"text\/html","Identifier":"\u00a7 51.1-1301","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Board<\/span> shall establish and administer a benefit restoration plan for members<\/span>. Such plan shall meet the requirements to be treated as a plan established under § 415(m) of the Internal Revenue Code. The Virginia Retirement System<\/span> Director shall be the chief administrative officer of the plan. The Retirement System<\/span> is hereby authorized to perform related services including, but not limited to, providing consolidated billing, individual and collective record keeping and accountings, and asset control and safekeeping. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The benefit restoration plan shall exist to provide nontaxable benefits to members<\/span> whose annual benefit is reduced pursuant to subsection B of § 51.1-168<\/a>. The benefit restoration plan shall be funded from those contributions required under Article 7 (§ 51.1-144<\/a> et seq.) of Chapter 1 of this title. If it deems it advisable, the Board<\/span> may create a trust or other special fund for segregation of the funds or assets<\/span> relating to a benefit restoration plan established herein. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBENEFIT RESTORATION PLAN FOR EMPLOYEES; ADMINISTRATION BY THE BOARD (\u00a7\n51.1-1301)\n\nA. The Board shall establish and administer a benefit restoration plan for\nmembers. Such plan shall meet the requirements to be treated as a plan\nestablished under § 415(m) of the Internal Revenue Code. The Virginia\nRetirement System Director shall be the chief administrative officer of the\nplan. The Retirement System is hereby authorized to perform related services\nincluding, but not limited to, providing consolidated billing, individual and\ncollective record keeping and accountings, and asset control and safekeeping.\n\nB. The benefit restoration plan shall exist to provide nontaxable benefits to\nmembers whose annual benefit is reduced pursuant to subsection B of §\n51.1-168. The benefit restoration plan shall be funded from those contributions\nrequired under Article 7 (§ 51.1-144 et seq.) of Chapter 1 of this title.\nIf it deems it advisable, the Board may create a trust or other special fund for\nsegregation of the funds or assets relating to a benefit restoration plan\nestablished herein.\n\nHISTORY: 2001, cc. 681, 692.","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}}