                                 CODE OF VIRGINIA

WITHDRAWAL OF CONTRIBUTIONS BEFORE RETIREMENT (§ 51.1-161)

A. 1. Any member who has five or more years of creditable service, who ceases to
be an employee, other than by death or retirement, may receive a refund of his
accumulated contributions reduced by the amount of any retirement allowance
previously received by him under any of the provisions of Chapter 1 (§
51.1-124.1 et seq.), 2 (§ 51.1-200 et seq.), 2.1 (§ 51.1-211 et seq.), or 3
(§ 51.1-300 et seq.) or the abolished system.

   2. Any member who has less than five years of creditable service, who ceases
   to be an employee other than by death or involuntary separation due to causes
   other than job performance or misconduct, as determined by the employer in its
   sole discretion, shall have such refund reduced by that portion of his
   accumulated contributions that were paid by his employer on his behalf on or
   after July 1, 2010. Such reduction shall be transferred to the retirement
   allowance account of each employer who paid such contributions on a pro rata
   basis.

B. Accumulated contributions shall be refunded to a member upon retirement for
disability only from a cause that is compensable under the Virginia
Workers&#8217; Compensation Act (&#xA7; 65.2-100 et seq.) or to his designated
beneficiary upon the death of the member from a cause that is compensable under
the Virginia Workers&#8217; Compensation Act.

C. If a member becomes covered by an optional retirement plan established under
&#xA7; 51.1-126, 51.1-126.3, 51.1-126.5, or 51.1-126.6, the member may elect to
have the balance of his accumulated contributions, as determined under
subsection A, transferred directly to such optional retirement plan as a credit
to his account in such plan. No portion of the transferred amount shall be
available to the member until benefits under the optional retirement plan are
otherwise available for distribution. An election to transfer the accumulated
contributions to an optional retirement plan shall be treated as a withdrawal of
the member&#8217;s accumulated contributions for purposes of &#xA7; 51.1-128,
except that the member&#8217;s creditable service shall be taken into account
for purposes of Chapter 14 (&#xA7; 51.1-1400 et seq.).

HISTORY: 1952, c. 157, § 51-111.58; 1960, c. 604; 1970, c. 476; 1986, c. 474;
1988, c. 809; 1990, c. 832; 2001, c. 691; 2006, c. 403; 2010, c. 758; 2012, c.
696.