51.1-617 - Definitions. - Virginia Statutes

§ 51.1-617. Definitions.

As used in this chapter, unless the context requires a different meaning:

"Board" means the Board of Trustees of the Virginia Retirement System.

"Eligible employee" means any turnaround specialist or member of the middleschool teacher corps providing services for a participating public schooldivision pursuant to subsections F and G of § 22.1-199.1.

"Participating employer" means any local public school board that offersand pays the costs of improved retirement benefits as described insubsections F and G of § 22.1-199.1.

"Plan" means the defined contribution plan established pursuant to thischapter and the provisions of § 401 (a) of the Internal Revenue Code of 1986,as amended.

"Qualified participant" means an eligible employee of a participatingemployer.

(2004, c. 436.)