Source: http://leg1.state.va.us/cgi-bin/legp504.exe?961+ful+CHAP0731
Timestamp: 2018-07-15 21:26:27
Document Index: 199169949

Matched Legal Cases: ['§ 51', '§ 51', '§ 65', '§ 51', '§ 14', '§ 63', '§ 63', '§ 63', '§ 63']

CHAPTER 731 An Act to amend and reenact §§ 51.1-124.3 and 63.1-73 of the Code of Virginia, relating to the Virginia Retirement System; employees of the Department for the Visually Handicapped. [H 660] Approved April 6, 1996
1. That §§ 51.1-124.3 and 63.1-73 of the Code of Virginia are amended and reenacted as follows:
"Accumulated contributions" means the sum of all amounts deducted from the compensation of a member and credited to his individual account in the member's contribution account, all amounts the member may contribute to purchase creditable service, all member contributions contributed by the employer on behalf of the employee, on or after July 1, 1990, except those amounts contributed on behalf of members of the General Assembly who are otherwise retired under the provisions of this chapter, and all interest accruing to these funds. If a member is retired for disability from a cause which is compensable under the Virginia Workers' Compensation Act (§ 65.2-100 et seq.), dies in service prior to retirement, or requests a refund of contributions in accordance with § 51.1-161, "accumulated contributions" shall include all member contributions paid by the employer on behalf of the member on and after July 1, 1980, and all interest which would have accrued to these funds.
"Average final compensation" means the average annual creditable compensation of a member during his thirty-six highest consecutive months of creditable service or during the entire period of his creditable service if less than thirty-six months. If a member ceased employment prior to July 1, 1974, "average final compensation" means the average annual creditable compensation during the five highest consecutive years of creditable service.
"Creditable compensation" means the full compensation payable annually to an employee working full time in his covered position. In cases where compensation includes maintenance or other perquisites, the Board shall fix the value of that part of the compensation not paid in money. Remuneration received by members of the General Assembly not otherwise retired under the provisions of this chapter pursuant to §§ 14.1-17.1, 14.1-18 and 14.1-18.2 shall be deemed creditable compensation. In addition, for any member of the General Assembly, creditable compensation shall include the full amount of salaries payable to such member for working in covered positions, regardless of whether a contractual salary is reduced and not paid to such member because of service in the General Assembly.
"Creditable service" means prior service plus membership service for which credit is allowable.
"Medical Board" means the board of physicians as provided by this chapter.
"State employee" means any person who is regularly employed full time on a salaried basis, whose tenure is not restricted as to temporary or provisional appointment, in the service of, and whose compensation is payable, no more often than biweekly, in whole or in part, by the Commonwealth or any department, institution, or agency thereof. "State employee" includes shall include the Governor, Lieutenant Governor, Attorney General, and members of the General Assembly but does shall not include (i) any local officer, (ii) any employee of a political subdivision of the Commonwealth, (iii) individuals employed by the Department for the Visually Handicapped pursuant to § 63.1-73, (iv) any member of the State Police Officers' Retirement System, or (iv) (v) any member of the Judicial Retirement System.
§ 63.1-73. Establishment of schools and workshops; expenditures; advisory boards.
A. The Department may (i) establish, equip and maintain schools for industrial training and workshops for the employment of suitable blind persons, (ii) pay the its employees suitable wages and contribute five percent of the creditable compensation of those employees who elect to participate in a before-tax payroll deduction to a tax deferred retirement savings plan established under the United States Internal Revenue Code for nonprofit agencies, and (iii) devise means for the sale and distribution of the products thereof. However, any expenditures made under §§ 63.1-70 to 63.1-75 shall not exceed the annual appropriation or the amount received by way of bequest or donation during any one year, and no part of the funds appropriated by the Commonwealth for the purposes of §§ 63.1-70 to 63.1-75 shall be used for solely charitable purposes, the object and purpose of such sections being to encourage capable blind persons in the pursuit of useful labor and to provide for the prevention and cure of blindness.
B. The Board shall establish an advisory board for each of the workshops established pursuant to this section. Each board shall consist of nine persons, at least two of whom shall be blind persons or parents of blind persons, at least two of whom shall represent human service agencies, and the remainder of whom shall represent local business and manufacturing entities and other employers. The Board shall initially appoint the members of each advisory board, three of whom shall serve a term of three years, three of whom shall serve a term of two years, and three of whom shall serve a term of one year. As each member's term expires, the advisory board shall itself make subsequent appointments for terms of three years. No member shall serve for more than two consecutive three-year terms. The powers and duties of each advisory board shall include but not be limited to advising managers of the workshops on business trends, product development, contract opportunities, and other business matters and reviewing and commenting on fiscal and budgetary matters concerning the operations of the workshops.