51.1-146 - Failure to report or pay contributions or insurance premiums. - Virginia Statutes

§ 51.1-146. Failure to report or pay contributions or insurance premiums.

Every employer shall file all reports and pay all contributions and insurancepremiums required by this title or Board regulation. Failure to file reportsor pay contributions or insurance premiums by the end of the month in whichdue may result in a penalty of five percent of the amount due plus interestat the rate of one percent per month until payment is made. The Board maywaive all or a part of the penalty and interest if good cause is shown.Delinquent contributions, insurance premiums, penalties, and interest may berecovered by action in a court of competent jurisdiction. At the discretionof the Board, contributions, insurance premiums, penalties and interest maybe deducted from the retirement allowance account of the employer or may bededucted by the State Treasurer, upon warrant of the Comptroller, from anynonearmarked moneys distributable to the employer by any department or agencyof the Commonwealth.

(1980, c. 644, § 51-111.47:1; 1984, ch. 430; 1986, c. 474; 1990, c. 832;1995, c. 307; 1997, c. 273.)