                                 CODE OF VIRGINIA

COMPUTATION OF EMPLOYER CONTRIBUTION RATES; REIMBURSEMENT BY COMMONWEALTH (§
51.1-137)

A. At least once in each two-year period, the actuary of the retirement system
shall compute the annual rates of contributions payable by the employer on
behalf of employees who are members. The rates shall be determined by an
actuarial valuation of the retirement allowances and other benefits which will
be payable on behalf of the employees who are members. The contributions shall
be payable in lieu of contributions payable on behalf of other members in the
system. The expense of making initial and subsequent valuations shall be
assessed against and paid by the employer.

B. In the case of contributions payable by the employer on behalf of any local
officer, the Commonwealth shall reimburse the employer on the basis on which the
Commonwealth pays the salaries of the officer or shares or would share in the
excess fees from the office. Payment shall be made from funds appropriated for
this purpose.

HISTORY: 1952, c. 157, § 51-111.36; 1956, c. 560; 1958, c. 367; 1974, c. 353;
1982, c. 443; 1984, c. 430; 1990, c. 832.