                                 CODE OF VIRGINIA

DEFINITIONS (§ 51.1-600)

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

&#8220;Act&#8221; means the Government Employees Deferred Compensation Plan Act.

&#8220;Board&#8221; means the Board of Trustees of the Virginia Retirement
System.

&#8220;Deferred compensation plan&#8221; means a plan established pursuant to
the provisions of § 457(b) of the Internal Revenue Code of 1986, as amended,
that may provide for elective and non-elective deferrals of compensation by or
on behalf of employees and may include a qualified Roth contribution program as
described in § 402A of the Internal Revenue Code of 1986, as amended.

&#8220;Employee&#8221; means, in the case of the plan described in § 51.1-602,
all persons employed by a participating employer, including appointed or elected
officials. In the case of a plan adopted by a county, municipality, authority or
other political subdivision pursuant to § 51.1-603, an employee shall be
defined by such county, municipality, authority or other political subdivision,
subject to the approval of the Board.

&#8220;Participating employer&#8221; means the Commonwealth or any political
subdivision that has elected pursuant to § 51.1-603.1 to participate in the
deferred compensation plan established by the Board pursuant to this chapter.

HISTORY: 1974, c. 461, § 51-111.67:15; 1987, c. 619; 1990, c. 832; 1992, c.
276; 1999, cc. 980, 984; 2002, c. 311; 2007, c. 253; 2014, cc. 356, 747.