                                 CODE OF VIRGINIA

DEFINITIONS (§ 51.1-617)

As used in this chapter, unless the context requires a different meaning:
		&#8220;Board&#8221; means the Board of Trustees of the Virginia Retirement
System.
		&#8220;Eligible employee&#8221; means any turnaround specialist or member of
the middle school teacher corps providing services for a participating public
school division pursuant to subsections E and F of § 22.1-199.1.
		&#8220;Participating employer&#8221; means any local public school board that
offers and pays the costs of improved retirement benefits as described in
subsections E and F of § 22.1-199.1.
		&#8220;Plan&#8221; means the defined contribution plan established pursuant to
this chapter and the provisions of § 401 (a) of the Internal Revenue Code of
1986, as amended.
		&#8220;Qualified participant&#8221; means an eligible employee of a
participating employer.

HISTORY: 2004, c. 436; 2020, cc. 860, 861.