                                 CODE OF VIRGINIA

STANDARDS FOR BENEFIT RESTORATION PLANS (§ 51.1-1303)

No benefit restoration plan shall become effective until the Board, county,
municipality or political subdivision of the Commonwealth is satisfied by
opinion of its respective counsel, such federal agency or agencies as may be
deemed necessary, or otherwise, that the benefits payable under the plan will
not be included in the employee&#8217;s taxable income under federal and state
income tax law until it is actually received by or made available to the
employee under the terms of the plan.

HISTORY: 2001, cc. 681, 692.