CHAPTER 497

An Act to amend and reenact Section 51-111.10 of the Code of Virginia, re-
lating to Virginia Supplemental Retirement System.
[S 228]

Approved April 5, 1954
Be it enacted by the General Assembly of Virginia:

1. - That Section 51-111.10 be amended and reenacted as follows:

§ 51-111.10.—As used in this chapter unless a different meaning is
plainly required by the context:

(1) “Retirement system” means the Virginia Supplemental Retire-
ment System provided for in § 51-111.11;

(2) “Board” means the board of trustees as provided by § 51-111.17;

(3) “Medical board” means the board of physicians as provided by
§ 51-111.26;

(4) “Teacher” means any person who is regularly employed on a
salary basis as a professional or clerical employee of a county, city or other
local public school board;

(5) “State employee” means any person who is regularly employed full
time, on a salary basis, whose tenure is not restricted as to temporary or
provisional appointment, in the service of, and whose compensation is pay-
able, not oftener than semimonthly, in whole or in part by, the Common-
wealth or any department, institution or agency thereof, except (a) an
officer elected by popular vote or, with the exception of the Auditor of
Public Accounts and the Director of the Division of Statutory Research
and Drafting, by the General Assembly or either House thereof, (b) a
trial justice, county or city treasurer, commissioner of the revenue, Com-
monwealth’s attorney, clerk, sheriff, sergeant or constable, and a deputy
or employee of any such officer, and (c) any employee of a political sub-
division of the Commonwealth;

(6) “Employee” means any teacher, State employee or officer or em-
ployee of a locality participating in the Retirement System as provided in
Article 4;

(7) “Employer” means Commonwealth, in the case of a State em-
ployee, or, the local public school board in the case of a teacher, or the
locality participating in the retirement system as provided in Article 4;
_ (8) “Member” means any person included in the membership of the
retirement system as provided in this chapter;

(9) “Service” means service as an employee;

(10) “Prior service’? means service as an employee rendered prior
to the date of establishment of the retirement system for which credit is
allowable under §§ 51-111.389 to 51-111.41, 51-111.63 and 51-111.64 or
service as an employee for such periods as provided in § 51-111.32;

_(11) “Membership service” means service as an employee rendered
while a contributing member of the retirement system except as provided
in §§ 51-111.45, 51-111.57, 51-111.63 and 51-111.64;

(12) “Creditable service’ means prior service plus membership serv-
ice for which credit is allowable under this chapter;

(18) “Beneficiary” means any person entitled to receive benefits un-
der this chapter ;

(14) “Accumulated contributions’ means the sum of all amounts
deducted from the compensation of a member and credited to his individual
account in the members’ contribution account, together with interest
credited on such amounts and also any other amounts he shall have con-
tributed or transferred thereto including interest credited thereon as pro-
vided in § 51-111.49;

(15) “Creditable compensation” means the full compensation payable
to an employee working the full working time for his position which is in
excess of twelve hundred dollars per annum, except when computing a dis-
ability retirement allowance in which event no exclusion shall apply; in
cases where compensation includes maintenance or other perquisites, the
Board shall fix the value of that part of the compensation not paid in
money;

(16) “Average final compensation” means the average annual credit-
able compensation of a member during his * five highest * consecutive
years of creditable service or during the entire period of his creditable
service if less than five years.

(17) “Retirement allowance’? means the retirement payments to
which a member is entitled as provided in this chapter;

(18) “Actuarial equivalent”? means a benefit of equal value when
computed upon the basis of such actuarial tables as are adopted by the
Board;

(19) “Normal retirement date’? means a member’s sixty-fifth birth-
day ; and

(20) “Abolished system’ means the Virginia Retirement Act, §§ 51-
830 to 51-111, repealed by Chapter 1 of the Acts of Assembly of 1952 as of
February one, nineteen hundred fifty-two.