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82 chapters · 1,358 sections in this title.
Va. Code Ann. § 2.2-2744 Definitions
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As used in this chapter, unless the context requires a different meaning: "Board" means the governing board of the Commonwealth Savers Plan. "Committee" means the Program Advisory Committee established pursuant to § 2.2-2746. "Eligible employee" means any individual who is (i) 18…
Va. Code Ann. § 2.2-2745 Program authorized
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To promote greater voluntary retirement savings for private-sector workers in a convenient and portable manner, the Plan is authorized, in accordance with this chapter, to establish a state-facilitated IRA savings program for private-sector workers. The Program shall be sponsored…
Va. Code Ann. § 2.2-2746 Program Advisory Committee; membership; qualifications; duties
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A. In order to assist the Board in fulfilling its duties under § 23.1-704 and this chapter and to assist the Plan's chief executive officer in directing, managing, and administering the Program, the Board shall appoint the Program Advisory Committee to provide sophisticated, obje…
Va. Code Ann. § 2.2-2747 Powers and duties of the Board
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The Board shall: 1. Administer the Program authorized by this chapter; 2. Invest moneys in the Program in any instruments, obligations, securities, or property deemed appropriate by the Board; 3. Develop requirements, procedures, and guidelines for the Program, including: a. Elig…