§ 51.1-801. Counties, cities, and towns generally.
The governing body of any county, city, or town may, by ordinance adopted bya recorded vote of a majority of the members elected, establish a retirementsystem. The retirement system may cover injured or retired officers andemployees of the county, city, or town. Benefits may be payable to theofficers and employees or their dependents, estates, or designatedbeneficiaries. The retirement system may provide for accrued vested orcontractual rights thereunder. The local governing body may, throughself-funding or the purchase of insurance and annuities, or a combinationthereof, provide retirement allowances, death benefits, and group lifeinsurance coverage for officers and employees of the county, city, or townand group accident and sickness insurance coverage for officers and employeesof the county, city, or town and their dependents. The governing body may byordinance establish a fund for the payment of retirement allowances, deathbenefits, and insurance and annuity premiums by appropriating funds from thetreasury of the county, city, or town or by requiring employee contributionsthrough payroll deductions, or both, or by any other mode not prohibited bylaw.
For the purposes of this section, the term "employees" may include teachersor other employees of county, city, and town school boards.
If any county, city, or town participates in the Virginia Retirement Systemand also establishes a local retirement system providing supplementalbenefits to the employees covered under the Virginia Retirement System, thelocal system shall not be required to satisfy the retirement age and servicecriterion established in clause A (i) of § 51.1-800.
(Code 1919, § 3035; 1932, p. 752; 1942, p. 178; 1944, p. 54; 1945, p. 74;1946, p. 61; Code 1950, § 51-112; 1952, cc. 59, 587; 1959, Ex. Sess., c. 58;1960, c. 404; 1968, c. 60; 1980, c. 135; 1989, Sp. Sess., c. 3; 1990, c. 832.)
§ 51.1-801. Counties, cities, and towns generally.
The governing body of any county, city, or town may, by ordinance adopted bya recorded vote of a majority of the members elected, establish a retirementsystem. The retirement system may cover injured or retired officers andemployees of the county, city, or town. Benefits may be payable to theofficers and employees or their dependents, estates, or designatedbeneficiaries. The retirement system may provide for accrued vested orcontractual rights thereunder. The local governing body may, throughself-funding or the purchase of insurance and annuities, or a combinationthereof, provide retirement allowances, death benefits, and group lifeinsurance coverage for officers and employees of the county, city, or townand group accident and sickness insurance coverage for officers and employeesof the county, city, or town and their dependents. The governing body may byordinance establish a fund for the payment of retirement allowances, deathbenefits, and insurance and annuity premiums by appropriating funds from thetreasury of the county, city, or town or by requiring employee contributionsthrough payroll deductions, or both, or by any other mode not prohibited bylaw.
For the purposes of this section, the term "employees" may include teachersor other employees of county, city, and town school boards.
If any county, city, or town participates in the Virginia Retirement Systemand also establishes a local retirement system providing supplementalbenefits to the employees covered under the Virginia Retirement System, thelocal system shall not be required to satisfy the retirement age and servicecriterion established in clause A (i) of § 51.1-800.
(Code 1919, § 3035; 1932, p. 752; 1942, p. 178; 1944, p. 54; 1945, p. 74;1946, p. 61; Code 1950, § 51-112; 1952, cc. 59, 587; 1959, Ex. Sess., c. 58;1960, c. 404; 1968, c. 60; 1980, c. 135; 1989, Sp. Sess., c. 3; 1990, c. 832.)
§ 51.1-801. Counties, cities, and towns generally.
The governing body of any county, city, or town may, by ordinance adopted bya recorded vote of a majority of the members elected, establish a retirementsystem. The retirement system may cover injured or retired officers andemployees of the county, city, or town. Benefits may be payable to theofficers and employees or their dependents, estates, or designatedbeneficiaries. The retirement system may provide for accrued vested orcontractual rights thereunder. The local governing body may, throughself-funding or the purchase of insurance and annuities, or a combinationthereof, provide retirement allowances, death benefits, and group lifeinsurance coverage for officers and employees of the county, city, or townand group accident and sickness insurance coverage for officers and employeesof the county, city, or town and their dependents. The governing body may byordinance establish a fund for the payment of retirement allowances, deathbenefits, and insurance and annuity premiums by appropriating funds from thetreasury of the county, city, or town or by requiring employee contributionsthrough payroll deductions, or both, or by any other mode not prohibited bylaw.
For the purposes of this section, the term "employees" may include teachersor other employees of county, city, and town school boards.
If any county, city, or town participates in the Virginia Retirement Systemand also establishes a local retirement system providing supplementalbenefits to the employees covered under the Virginia Retirement System, thelocal system shall not be required to satisfy the retirement age and servicecriterion established in clause A (i) of § 51.1-800.
(Code 1919, § 3035; 1932, p. 752; 1942, p. 178; 1944, p. 54; 1945, p. 74;1946, p. 61; Code 1950, § 51-112; 1952, cc. 59, 587; 1959, Ex. Sess., c. 58;1960, c. 404; 1968, c. 60; 1980, c. 135; 1989, Sp. Sess., c. 3; 1990, c. 832.)
