{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/51.1-609.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/51.1-609.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/51.1-609.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/51.1-609.html"}],"law_id":61074,"edition_id":1,"section_id":61074,"structure_id":15827,"section_number":"51.1-609","catch_line":"Contributions on behalf of qualified participants","history":"2002, c. 311; 2013, c. 463.","full_text":"A\n\nA participating employer or, on behalf of the Commonwealth, the Department of Accounts or any agency of the Commonwealth not covered under the central payroll system, shall transfer funds from its appropriations to the private corporation or institution designated to hold investments under the plan or plans adopted or established by the participating employer pursuant to § 401(a) or § 403(b) of the Internal Revenue Code of 1986, as amended. The funds shall be held, administered and invested as provided for in the applicable document adopted for the administration of such contributions.B\n\nThe amount credited on behalf of a qualified participant pursuant to this section shall not exceed, on a semimonthly basis, the lesser of fifty dollars or fifty percent of the amount that the qualified participant voluntarily contributes to the deferred compensation plan established under this chapter or to a plan established pursuant to § 403(b) of the Internal Revenue Code of 1986, as amended, unless otherwise determined by the General Assembly through the appropriations process. The amount credited pursuant to this section on behalf of a qualified participant who is an employee of a participating employer other than the Commonwealth shall be a discretionary amount determined by the participating employer’s governing body from time to time.C\n\nNo amount shall be credited pursuant to subsection B on behalf of a qualified participant who is participating in the hybrid retirement program described in § 51.1-169 if the qualified participant has not contributed the maximum amount of voluntary contributions under subdivision C 2 of § 51.1-169.","order_by":null,"text":{"0":{"id":223295,"text":"A participating employer or, on behalf of the Commonwealth, the Department of Accounts or any agency of the Commonwealth not covered under the central payroll system, shall transfer funds from its appropriations to the private corporation or institution designated to hold investments under the plan or plans adopted or established by the participating employer pursuant to § 401(a) or § 403(b) of the Internal Revenue Code of 1986, as amended. The funds shall be held, administered and invested as provided for in the applicable document adopted for the administration of such contributions.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":223296,"text":"The amount credited on behalf of a qualified participant pursuant to this section shall not exceed, on a semimonthly basis, the lesser of fifty dollars or fifty percent of the amount that the qualified participant voluntarily contributes to the deferred compensation plan established under this chapter or to a plan established pursuant to § 403(b) of the Internal Revenue Code of 1986, as amended, unless otherwise determined by the General Assembly through the appropriations process. The amount credited pursuant to this section on behalf of a qualified participant who is an employee of a participating employer other than the Commonwealth shall be a discretionary amount determined by the participating employer’s governing body from time to time.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":223297,"text":"No amount shall be credited pursuant to subsection B on behalf of a qualified participant who is participating in the hybrid retirement program described in § 51.1-169 if the qualified participant has not contributed the maximum amount of voluntary contributions under subdivision C 2 of § 51.1-169.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":15827,"edition_id":1,"name":"Cash Match Plan","identifier":"6.1","label":"chapter","depth":2,"order_by":1,"parent_id":12947,"metadata":{},"date_created":"2026-06-26 04:00:14","date_modified":"2026-06-26 04:00:14","permalink":{"id":236205,"object_type":"structure","relational_id":15827,"identifier":"6.1","token":"51.1\/6.1","url":"\/51.1\/6.1\/","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":84500,"structure_id":15827,"section_number":"51.1-607","catch_line":"Definitions","url":"\/51.1-607\/","token":"51.1\/6.1\/51.1-607","metadata":false},{"id":70151,"structure_id":15827,"section_number":"51.1-608","catch_line":"Cash match plan for employees of the Commonwealth; administered by the Board","url":"\/51.1-608\/","token":"51.1\/6.1\/51.1-608","metadata":false},{"id":61074,"structure_id":15827,"section_number":"51.1-609","catch_line":"Contributions on behalf of qualified participants","url":"\/51.1-609\/","token":"51.1\/6.1\/51.1-609","metadata":false},{"id":61899,"structure_id":15827,"section_number":"51.1-610","catch_line":"Local cash match plans","url":"\/51.1-610\/","token":"51.1\/6.1\/51.1-610","metadata":false},{"id":73748,"structure_id":15827,"section_number":"51.1-611","catch_line":"Participation by employees of political subdivisions in cash match plan of Virginia Retirement System","url":"\/51.1-611\/","token":"51.1\/6.1\/51.1-611","metadata":false},{"id":69192,"structure_id":15827,"section_number":"51.1-612","catch_line":"Standards for cash match plans","url":"\/51.1-612\/","token":"51.1\/6.1\/51.1-612","metadata":false},{"id":72131,"structure_id":15827,"section_number":"51.1-613","catch_line":"Other retirement, pension, etc., systems not affected; annual report","url":"\/51.1-613\/","token":"51.1\/6.1\/51.1-613","metadata":false}],"previous_section":{"id":70151,"structure_id":15827,"section_number":"51.1-608","catch_line":"Cash match plan for employees of the Commonwealth; administered by the Board","url":"\/51.1-608\/","token":"51.1\/6.1\/51.1-608","metadata":false},"next_section":{"id":61899,"structure_id":15827,"section_number":"51.1-610","catch_line":"Local cash match plans","url":"\/51.1-610\/","token":"51.1\/6.1\/51.1-610","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/51.1-609\/","history_text":"

This law was first created in 2002. The record of its establishment is cataloged in chapter 311<\/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 2013, chapter 463<\/a>.<\/p>","references":false,"refers_to":[{"id":83100,"section_number":"51.1-169","catch_line":"Hybrid retirement program","order_by":null,"url":"\/51.1-169\/"}],"permalink":{"id":236215,"object_type":"law","relational_id":61074,"identifier":"51.1-609","token":"51.1\/6.1\/51.1-609","url":"\/51.1-609\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/51.1-609\/","token":"51.1\/6.1\/51.1-609","dublin_core":{"Title":"Contributions on behalf of qualified participants","Type":"Text","Format":"text\/html","Identifier":"\u00a7 51.1-609","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A participating employer<\/span> or, on behalf of the Commonwealth, the Department of Accounts or any agency of the Commonwealth not covered under the central payroll system, shall transfer funds from its appropriations to the private corporation or institution designated to hold investments under the plan or plans adopted or established by the participating employer<\/span> pursuant to § 401(a) or § 403(b) of the Internal Revenue Code of 1986, as amended. The funds shall be held, administered and invested as provided for in the applicable document adopted for the administration of such contributions. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The amount credited on behalf of a qualified participant<\/span> pursuant to this section shall not exceed, on a semimonthly basis, the lesser of fifty dollars or fifty percent of the amount that the qualified participant<\/span> voluntarily contributes to the deferred compensation plan<\/span> established under this chapter or to a plan established pursuant to § 403(b) of the Internal Revenue Code of 1986, as amended, unless otherwise determined by the General Assembly through the appropriations process. The amount credited pursuant to this section on behalf of a qualified participant<\/span> who is an employee of a participating employer<\/span> other than the Commonwealth shall be a discretionary amount determined by the participating employer<\/span>’s governing body from time to time. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> No amount shall be credited pursuant to subsection B on behalf of a qualified participant<\/span> who is participating in the hybrid retirement program described in § 51.1-169<\/a> if the qualified participant<\/span> has not contributed the maximum amount of voluntary contributions under subdivision C 2 of § 51.1-169<\/a>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONTRIBUTIONS ON BEHALF OF QUALIFIED PARTICIPANTS (\u00a7 51.1-609)\n\nA. A participating employer or, on behalf of the Commonwealth, the Department of\nAccounts or any agency of the Commonwealth not covered under the central payroll\nsystem, shall transfer funds from its appropriations to the private corporation\nor institution designated to hold investments under the plan or plans adopted or\nestablished by the participating employer pursuant to § 401(a) or §\n403(b) of the Internal Revenue Code of 1986, as amended. The funds shall be\nheld, administered and invested as provided for in the applicable document\nadopted for the administration of such contributions.\n\nB. The amount credited on behalf of a qualified participant pursuant to this\nsection shall not exceed, on a semimonthly basis, the lesser of fifty dollars or\nfifty percent of the amount that the qualified participant voluntarily\ncontributes to the deferred compensation plan established under this chapter or\nto a plan established pursuant to § 403(b) of the Internal Revenue Code of\n1986, as amended, unless otherwise determined by the General Assembly through\nthe appropriations process. The amount credited pursuant to this section on\nbehalf of a qualified participant who is an employee of a participating employer\nother than the Commonwealth shall be a discretionary amount determined by the\nparticipating employer’s governing body from time to time.\n\nC. No amount shall be credited pursuant to subsection B on behalf of a qualified\nparticipant who is participating in the hybrid retirement program described in\n§ 51.1-169 if the qualified participant has not contributed the maximum\namount of voluntary contributions under subdivision C 2 of § 51.1-169.\n\nHISTORY: 2002, c. 311; 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}}