Virginia Statutes
§ 51.1-818 — Funds for payment of pensions and benefits
Virginia § 51.1-818
JurisdictionVirginia
Title 51.1PENSIONS, BENEFITS, AND RETIREMENT
Ch. 8LOCAL RETIREMENT SYSTEMS
Art. 2MEMBERS OF POLICE DEPARTMENTS
This text of Virginia § 51.1-818 (Funds for payment of pensions and benefits) 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. § 51.1-818 (2026).
Text
Any and all cash assets and funds not necessary for immediate payment of pensions or benefits shall be invested in securities that are legal investments under the laws of the Commonwealth for public sinking funds. Any funds raised by any police officers' pension and retirement board for the payment of pensions and benefits shall be paid over to the treasurer of such board who shall deposit and pay the funds as provided in this section to the credit of the board.
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Legislative History
1940, p. 739; Michie Code 1942, § 3035n; Code 1950, § 51-125; 1956, c. 184; 1990, c. 832.
Nearby Sections
15
§ 51.1-100
Repealed§ 51.1-1000
All state and local plans included§ 51.1-1001
Summary plan description§ 51.1-1002
Annual statement of benefits§ 51.1-1004
Use of electronic media§ 51.1-1100
Definitions§ 51.1-1102
Additional powers of the Board§ 51.1-1103
Participation in the program§ 51.1-1105
Use of sick leave by participating employees§ 51.1-1107
Family and personal leave benefit§ 51.1-1108
Use of family and personal leaveCite This Page — Counsel Stack
Bluebook (online)
Virginia § 51.1-818, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/51.1/51.1-818.