37 chapters · 589 sections in this title.
3 V.I.C. § 770m Program established
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(a) The Supplemental Contributions Program is hereby established to be a defined contribution plan pursuant to Title 26, Section 414, subsection (i) United States Code. This program shall operate solely at the option of the participants and shall in no way obligate employers for …
3 V.I.C. § 770n Design and administration
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The design and administration of the Supplemental Contributions Program must conform to the applicable provisions of Title 26 of the United States Code and the Internal Revenue Code.
3 V.I.C. § 770o Severability
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If any provision of this chapter or application thereof to any person or circumstance is held invalid, that invalidity does not affect other provisions or applications of this chapter that can be given effect without the invalid provision or application by a court of competent ju…
3 V.I.C. § 770p Definitions
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(a) “Account” means the account maintained with respect to the participant which reflects the aggregate value of the following amounts credited to the participants:(1) Employee after-tax contributions to the plan.(2) Net earnings of the Supplemental Contributions Program allocabl…