§ 51.1-1200. Fund established; administration and management; Volunteer Firefighters' and Rescue Squad Workers' ...
There is hereby created a fund to be known and designated as the "Volunteer Firefighters' and Rescue Squad Workers' Service Award Fund" (the Fund). The Fund is established to provide service awards to eligible volunteer firefighters and rescue squad workers who elect to become members of the Fund. The Volunteer Firefighters' and Rescue Squad Workers' Service Award Fund Board (the Board) shall utilize the assistance of the Virginia Retirement System in establishing, investing, and maintaining the Fund. The Board of Trustees of the Virginia Retirement System shall administer and manage the investment of the Fund as custodian and provide staff to further carry out the provisions of this chapter. The Virginia Retirement System shall invest the Funds in accordance with Article 3.1 (§ 51.1-124.30 et seq.) of Chapter 1 of this title. The Fund shall annually reimburse the Virginia Retirement System for all costs incurred and associated, directly and indirectly, with the administration of this chapter and management and investment of the Fund.
(1999, cc. 664, 860; 2001, c. 672.)
Sections: 51.1-1200 51.1-1201 51.1-1202 51.1-1203 51.1-1204 51.1-1205 51.1-1206 51.1-1207 51.1-1208 51.1-1209 51.1-1210 51.1-1211 NextLast modified: April 16, 2009