CHAPTER 419

An Act to amend and reenact § 51-111.18 of the Code of Virginia, as
amended, relating to members of the Board of Trustees of the Virginia
Supplemental Retirement System. CH 451]

Approved March 29, 1958

Be it enacted by the General Assembly of Virginia:

1. That § 51-111.18 of the Code of Virginia, as amended, be amended
and reenacted as follows:

§ 51-111.18. The Board shall consist of * the Comptroller, the State
Treasurer, the Auditor of Public Accounts and the State Tax Commissioner,
and five members to be appointed by the Governor, subject to confirmation
by the General Assembly. Of such appointive members one shall be a
teacher, one a State employee, and the others neither teachers nor State
employees nor otherwise in the employ of any government. * The ap-
pointive members in office when this section, as hereby amended, takes
effect shall continue in office until their terms expire, respectively, and as
and when the term of an appointive member expires, his successor shall be
appointed by the Governor for a term of four years. Every appointment
to fill a vacancy * shall be for the unexpired term. No * appointive member
shall be eligible to serve for or during more than two successive four-year
terms; but after the expiration of the remainder of an unexpired term
to which appointed, two additional four-year terms may be served by such
a member if appointed thereto. The incumbency of an appointive member
as of June twenty-ninth, nineteen hundred fifty-six, unless he was appointed
to fill a vacancy, * shall constitute the first of the two successive four-year
terms with respect to eligibility for appointment. The Governor may sus-
pend or remove any appointive member at his pleasure. * The Board shall
be vested with the powers and duties of the Board of Trustees of the abol-
ished system to the extent such powers and duties were created or con-
tinued by the act abolishing the said system, or by other legislation; there-
upon the Board of Trustees of the abolished system shall be terminated.

Each member of the Board who is not a full-time officer or employee
of any government shall receive as his compensation fifteen dollars per day
for each day actually spent in the discharge of his duties, but no such
member shall receive as compensation in the aggregate more than three
hundred dollars in any one year. Members shall be reimbursed for the
expenses incurred by them in the performance of their duties.