§ 51.1-124.20 Board of Trustees; membership; terms; quorum; compensation and expenses
§ 51.1-124.21 Application of State and Local Government Conflict of Interests Act
§ 51.1-124.22 Board to administer Retirement System; powers and duties
§ 51.1-124.23 Medical boards
§ 51.1-124.24 Chief investment officer; qualifications; duties
§ 51.1-124.25 Existing advisory committees of the Virginia Retirement System abolished
§ 51.1-124.26 Advisory Committees to the Board of Trustees; membership; terms; qualifications; duties
§ 51.1-124.27 Employees of the Retirement System
§ 51.1-124.28 Legal representation in criminal matters
§ 51.1-124.29 Reserved

Terms Used In Virginia Code > Title 51.1 > Chapter 1 > Article 2 - 1. Board of Trustees, Medical Board, and Advisory Committees

  • Abolished system: means the Virginia Retirement Act, §§ 51-30 through 51-111, repealed by Chapter 1 of the Acts of Assembly of 1952. See Virginia Code 51.1-124.3
  • Accumulated contributions: means the sum of all amounts deducted from the compensation of a member and credited to his individual account in the member's contribution account, all amounts the member may contribute to purchase creditable service, all member contributions contributed by the employer on behalf of the employee, on or after July 1, 1980, except those amounts contributed on behalf of members of the General Assembly who are otherwise retired under the provisions of this chapter, and all interest accruing to these funds. See Virginia Code 51.1-124.3
  • Acquittal:
    1. Judgement that a criminal defendant has not been proved guilty beyond a reasonable doubt.
    2. A verdict of "not guilty."
     
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Board: means the Board of Trustees of the Virginia Retirement System. See Virginia Code 51.1-124.3
  • City: means an independent incorporated community which became a city as provided by law before noon on July 1, 1971, or which has within defined boundaries a population of 5,000 or more and which has become a city as provided by law. See Virginia Code 1-208
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • Employee: means any teacher, state employee, officer, or employee of a locality participating in the Retirement System. See Virginia Code 51.1-124.3
  • Employer: means the Commonwealth in the case of a state employee, the local public school board in the case of a teacher, or the political subdivision participating in the Retirement System. See Virginia Code 51.1-124.3
  • Fiduciary: A trustee, executor, or administrator.
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Joint Rules Committee: means those members of the House of Delegates and the Senate designated by the Speaker of the House and the Chairman of the Senate Committee on Rules, respectively, to meet with each other and to act jointly on behalf of the Committee on Rules for each house. See Virginia Code 51.1-124.3
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Medical Board: means the boards composed of physicians or other health care professionals as provided by this chapter. See Virginia Code 51.1-124.3
  • Member: means any person included in the membership of the Retirement System. See Virginia Code 51.1-124.3
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
  • Quorum: The number of legislators that must be present to do business.
  • real estate: includes lands, tenements and hereditaments, and all rights and appurtenances thereto and interests therein, other than a chattel interest. See Virginia Code 1-219
  • Retirement System: means the Virginia Retirement System. See Virginia Code 51.1-124.3
  • Service: means service as an employee. See Virginia Code 51.1-124.3
  • State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
  • State employee: means any person who is regularly employed full time on a salaried basis, whose tenure is not restricted as to temporary or provisional appointment, in the service of, and whose compensation is payable, no more often than biweekly, in whole or in part, by the Commonwealth or any department, institution, or agency thereof. See Virginia Code 51.1-124.3
  • Teacher: means any person who is regularly employed full time on a salaried basis as a professional or clerical employee of a county, city, or other local public school board. See Virginia Code 51.1-124.3
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes the 50 states, the District of Columbia the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands and the United States Virgin Islands. See Virginia Code 1-255