{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/51.1-603.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/51.1-603.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/51.1-603.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/51.1-603.1.html"}],"law_id":68801,"edition_id":1,"section_id":68801,"structure_id":14431,"section_number":"51.1-603.1","catch_line":"Participation by employees of political subdivisions in deferred compensation plan of Virginia Retirement System","history":"1997, c. 174; 2012, cc. 660, 701, 823; 2013, c. 463.","full_text":"A\n\nThe Virginia Retirement System may enter into an agreement with any political subdivision of the Commonwealth to permit participation by the political subdivision’s employees in the deferred compensation plan established and administered by the Board pursuant to § 51.1-602, except that political subdivisions of the Commonwealth otherwise participating in the retirement system pursuant to Article 5 (§ 51.1-130 et seq.) of Chapter 1 shall participate in the deferred compensation plan established and administered by the Board pursuant to § 51.1-602 to the extent necessary to provide benefits under the hybrid retirement program described in § 51.1-169.B\n\nThe political subdivision may provide in the agreement that its employees who (i) commence employment or reemployment on or after a specified date occurring on or after the effective date of this provision in the agreement, (ii) are not participating in the hybrid retirement program described in § 51.1-169, and (iii) have not affirmatively elected to participate in the plan described in § 51.1-602 or a plan established by such political subdivision pursuant to § 403(b) of the Internal Revenue Code of 1986, as amended, shall participate in either such plan described in § 51.1-602 or a 403(b) plan, as determined by the political subdivision, unless such employee elects, in a manner prescribed by the Board, not to participate in such plan. The amount of the deferral for any such employee participating in the plan shall equal, on a semimonthly basis, $20 of otherwise payable compensation, unless the employee elects to defer a greater amount.","order_by":null,"text":{"0":{"id":249071,"text":"The Virginia Retirement System may enter into an agreement with any political subdivision of the Commonwealth to permit participation by the political subdivision’s employees in the deferred compensation plan established and administered by the Board pursuant to § 51.1-602, except that political subdivisions of the Commonwealth otherwise participating in the retirement system pursuant to Article 5 (§ 51.1-130 et seq.) of Chapter 1 shall participate in the deferred compensation plan established and administered by the Board pursuant to § 51.1-602 to the extent necessary to provide benefits under the hybrid retirement program described in § 51.1-169.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":249072,"text":"The political subdivision may provide in the agreement that its employees who (i) commence employment or reemployment on or after a specified date occurring on or after the effective date of this provision in the agreement, (ii) are not participating in the hybrid retirement program described in § 51.1-169, and (iii) have not affirmatively elected to participate in the plan described in § 51.1-602 or a plan established by such political subdivision pursuant to § 403(b) of the Internal Revenue Code of 1986, as amended, shall participate in either such plan described in § 51.1-602 or a 403(b) plan, as determined by the political subdivision, unless such employee elects, in a manner prescribed by the Board, not to participate in such plan. The amount of the deferral for any such employee participating in the plan shall equal, on a semimonthly basis, $20 of otherwise payable compensation, unless the employee elects to defer a greater amount.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14431,"edition_id":1,"name":"Government Employees Deferred Compensation Plan Act","identifier":"6","label":"chapter","depth":2,"order_by":1,"parent_id":12947,"metadata":{},"date_created":"2026-06-26 03:48:07","date_modified":"2026-06-26 03:48:07","permalink":{"id":236167,"object_type":"structure","relational_id":14431,"identifier":"6","token":"51.1\/6","url":"\/51.1\/6\/","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":68128,"structure_id":14431,"section_number":"51.1-600","catch_line":"Definitions","url":"\/51.1-600\/","token":"51.1\/6\/51.1-600","metadata":false},{"id":56583,"structure_id":14431,"section_number":"51.1-601","catch_line":"Contract for deferred compensation","url":"\/51.1-601\/","token":"51.1\/6\/51.1-601","metadata":false},{"id":79557,"structure_id":14431,"section_number":"51.1-601.1","catch_line":"Participation in plan by certain employees","url":"\/51.1-601.1\/","token":"51.1\/6\/51.1-601.1","metadata":false},{"id":71102,"structure_id":14431,"section_number":"51.1-602","catch_line":"Deferred compensation plan for employees of the Commonwealth; administered by the Board","url":"\/51.1-602\/","token":"51.1\/6\/51.1-602","metadata":false},{"id":57693,"structure_id":14431,"section_number":"51.1-603","catch_line":"Local deferred compensation plans","url":"\/51.1-603\/","token":"51.1\/6\/51.1-603","metadata":false},{"id":68801,"structure_id":14431,"section_number":"51.1-603.1","catch_line":"Participation by employees of political subdivisions in deferred compensation plan of Virginia Retirement System","url":"\/51.1-603.1\/","token":"51.1\/6\/51.1-603.1","metadata":false},{"id":55794,"structure_id":14431,"section_number":"51.1-604","catch_line":"Standards for deferred compensation plans","url":"\/51.1-604\/","token":"51.1\/6\/51.1-604","metadata":false},{"id":82779,"structure_id":14431,"section_number":"51.1-605","catch_line":"Other retirement, pension, etc., systems not affected; annual report","url":"\/51.1-605\/","token":"51.1\/6\/51.1-605","metadata":false},{"id":61761,"structure_id":14431,"section_number":"51.1-606","catch_line":"Repealed","url":"\/51.1-606\/","token":"51.1\/6\/51.1-606","metadata":false}],"previous_section":{"id":57693,"structure_id":14431,"section_number":"51.1-603","catch_line":"Local deferred compensation plans","url":"\/51.1-603\/","token":"51.1\/6\/51.1-603","metadata":false},"next_section":{"id":55794,"structure_id":14431,"section_number":"51.1-604","catch_line":"Standards for deferred compensation plans","url":"\/51.1-604\/","token":"51.1\/6\/51.1-604","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/51.1-603.1\/","history_text":"

This law was first created in 1997. The record of its establishment is cataloged in chapter 174<\/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 2012, chapters 660<\/a>, 701<\/a>, and 823<\/a>; in 2013, chapter 463<\/a>.<\/p>","references":[{"id":83100,"section_number":"51.1-169","catch_line":"Hybrid retirement program","order_by":null,"url":"\/51.1-169\/"},{"id":68128,"section_number":"51.1-600","catch_line":"Definitions","order_by":null,"url":"\/51.1-600\/"},{"id":71102,"section_number":"51.1-602","catch_line":"Deferred compensation plan for employees of the Commonwealth; administered by the Board","order_by":null,"url":"\/51.1-602\/"},{"id":84500,"section_number":"51.1-607","catch_line":"Definitions","order_by":null,"url":"\/51.1-607\/"}],"refers_to":[{"id":72480,"section_number":"51.1-130","catch_line":"Resolution of governing body; approval by Board","order_by":null,"url":"\/51.1-130\/"},{"id":83100,"section_number":"51.1-169","catch_line":"Hybrid retirement program","order_by":null,"url":"\/51.1-169\/"},{"id":71102,"section_number":"51.1-602","catch_line":"Deferred compensation plan for employees of the Commonwealth; administered by the Board","order_by":null,"url":"\/51.1-602\/"}],"permalink":{"id":236189,"object_type":"law","relational_id":68801,"identifier":"51.1-603.1","token":"51.1\/6\/51.1-603.1","url":"\/51.1-603.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/51.1-603.1\/","token":"51.1\/6\/51.1-603.1","dublin_core":{"Title":"Participation by employees of political subdivisions in deferred compensation plan of Virginia Retirement System","Type":"Text","Format":"text\/html","Identifier":"\u00a7 51.1-603.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Virginia Retirement System may enter into an agreement with any political subdivision of the Commonwealth to permit participation by the political subdivision’s employees in the deferred compensation plan<\/span> established and administered by the Board<\/span> pursuant to § 51.1-602<\/a>, except that political subdivisions of the Commonwealth otherwise participating in the retirement system pursuant to Article 5 (§ 51.1-130<\/a> et seq.) of Chapter 1 shall participate in the deferred compensation plan<\/span> established and administered by the Board<\/span> pursuant to § 51.1-602<\/a> to the extent necessary to provide benefits under the hybrid retirement program described in § 51.1-169<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The political subdivision may provide in the agreement that its employees who (i) commence employment or reemployment on or after a specified date occurring on or after the effective date of this provision in the agreement, (ii) are not participating in the hybrid retirement program described in § 51.1-169<\/a>, and (iii) have not affirmatively elected to participate in the plan described in § 51.1-602<\/a> or a plan established by such political subdivision pursuant to § 403(b) of the Internal Revenue Code of 1986, as amended, shall participate in either such plan described in § 51.1-602<\/a> or a 403(b) plan, as determined by the political subdivision, unless such employee elects, in a manner prescribed by the Board<\/span>, not to participate in such plan. The amount of the deferral for any such employee participating in the plan shall equal, on a semimonthly basis, $20 of otherwise payable compensation, unless the employee elects to defer a greater amount. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPARTICIPATION BY EMPLOYEES OF POLITICAL SUBDIVISIONS IN DEFERRED COMPENSATION\nPLAN OF VIRGINIA RETIREMENT SYSTEM (\u00a7 51.1-603.1)\n\nA. The Virginia Retirement System may enter into an agreement with any political\nsubdivision of the Commonwealth to permit participation by the political\nsubdivision’s employees in the deferred compensation plan established and\nadministered by the Board pursuant to § 51.1-602, except that political\nsubdivisions of the Commonwealth otherwise participating in the retirement\nsystem pursuant to Article 5 (§ 51.1-130 et seq.) of Chapter 1 shall\nparticipate in the deferred compensation plan established and administered by\nthe Board pursuant to § 51.1-602 to the extent necessary to provide\nbenefits under the hybrid retirement program described in § 51.1-169.\n\nB. The political subdivision may provide in the agreement that its employees who\n(i) commence employment or reemployment on or after a specified date occurring\non or after the effective date of this provision in the agreement, (ii) are not\nparticipating in the hybrid retirement program described in § 51.1-169, and\n(iii) have not affirmatively elected to participate in the plan described in\n§ 51.1-602 or a plan established by such political subdivision pursuant to\n§ 403(b) of the Internal Revenue Code of 1986, as amended, shall\nparticipate in either such plan described in § 51.1-602 or a 403(b) plan,\nas determined by the political subdivision, unless such employee elects, in a\nmanner prescribed by the Board, not to participate in such plan. The amount of\nthe deferral for any such employee participating in the plan shall equal, on a\nsemimonthly basis, $20 of otherwise payable compensation, unless the employee\nelects to defer a greater amount.\n\nHISTORY: 1997, c. 174; 2012, cc. 660, 701, 823; 2013, c. 463.","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}}