                                 CODE OF VIRGINIA

FUND ESTABLISHED; ADMINISTRATION AND MANAGEMENT; VOLUNTEER FIREFIGHTERS&#8217;
AND RESCUE SQUAD WORKERS&#8217; SERVICE AWARD FUND BOARD (§ 51.1-1200)

There is hereby created a fund to be known and designated as the
&#8220;Volunteer Firefighters&#8217; and Rescue Squad Workers&#8217; Service
Award Fund&#8221; (the Fund). The Fund is established to provide service awards
to eligible volunteer firefighters and volunteer emergency medical services
personnel who elect to become members of the Fund. The Volunteer
Firefighters&#8217; and Rescue Squad Workers&#8217; Service Award Fund Board
(the Board) shall utilize the assistance of the Virginia Retirement System in
establishing, investing, and maintaining the Fund. The Board of Trustees of the
Virginia Retirement System shall administer and manage the investment of the
Fund as custodian and provide staff to further carry out the provisions of this
chapter. The Virginia Retirement System shall invest the Funds in accordance
with Article 3.1 (§ 51.1-124.30 et seq.) of Chapter 1. The Fund shall annually
reimburse the Virginia Retirement System for all costs incurred and associated,
directly and indirectly, with the administration of this chapter and management
and investment of the Fund.

HISTORY: 1999, cc. 664, 860; 2001, c. 672; 2015, cc. 502, 503.