Virginia § 51.1-1303 Standards for benefit restoration plans

Virginia Statutes

§ 51.1-1303 — Standards for benefit restoration plans

Virginia § 51.1-1303

Title 51.1PENSIONS, BENEFITS, AND RETIREMENT

Ch. 13BENEFIT RESTORATION PLAN

This text of Virginia § 51.1-1303 (Standards for benefit restoration plans) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 51.1-1303 (2026).

Text

No benefit restoration plan shall become effective until the Board, county, municipality or political subdivision of the Commonwealth is satisfied by opinion of its respective counsel, such federal agency or agencies as may be deemed necessary, or otherwise, that the benefits payable under the plan will not be included in the employee's taxable income under federal and state income tax law until it is actually received by or made available to the employee under the terms of the plan.

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No benefit restoration plan shall become effective until the Board, county, municipality or political subdivision of the Commonwealth is satisfied by opinion of its respective counsel, such federal agency or agencies as may be deemed necessary, or otherwise, that the benefits payable under the plan will not be included in the employee's taxable income under federal and state income tax law until it is actually received by or made available to the employee under the terms of the plan.