SB 651

            
2020 SESSION

20104013D

SENATE BILL NO. 651


Offered January 8, 2020


Prefiled January 7, 2020

A BILL to amend and reenact � 1, as 
 amended, of Chapter 303 of the Acts of Assembly of 1944 relating to 
 Fairfax County; policemens pension and retirement board.
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Patron-- Boysko

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Referred to Committee on Finance and Appropriations

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Be it enacted by the General Assembly of Virginia:
 
 
1. That � 1, as amended, of Chapter 
 303 of the Acts of Assembly of 1944 is amended and reenacted as follows:
 
 
� 1. The governing body of any county having the urban county 
 executive form of government is empowered and authorized to create and 
 establish as hereinafter provided a board to be known as the "policemens 
 pension and retirement board" of the county, 
 hereinafter referred to as the "board." (the board). The board when so 
 created shall be a body corporate and shall consist of 
 seven eight 
 members;, 
 one of whom shall be the Director of Finance of the county, who shall also be 
 the treasurer of the board; two three of whom shall be members 
 of the retirement system authorized by this act and employed by the county 
 police department as sworn police officers and who have been elected by the 
 members of the retirement system authorized by this act who are employed by the 
 police department as sworn police officers, one two for a term of four years 
 and one for a term of two years, their successors to be elected for terms of 
 four years each; and one of whom shall be a member of the retirement system 
 authorized by this act who has retired from employment by the county police 
 department as a sworn police officer and who has been elected by the retired 
 members of the retirement system authorized by this act for a term of four 
 years; and three of whom shall be appointed by the governing body of the county 
 for terms of four years each, their successors to be appointed for terms of 
 four years each. Once elected or appointed, each member shall continue to serve 
 in office until his successor is elected or appointed. If a vacancy occurs in 
 the office of a member of the policemens pension and retirement board of this 
 system, the vacancy shall be filled for the unexpired term in the same manner 
 as the office was previously filled.
 
 
The three members of the "policemens pension and 
 retirement board" appointed by the governing body of the county may 
 receive compensation at such rate as the governing body of the county may from 
 time to time approve.
 
 
When any such board is so created and constituted, it shall at 
 its first meeting and annually thereafter elect one member as president and one 
 as secretary, and it may elect one member as vice-president.
 
 
Except as otherwise provided in this article, no member or 
 employee of the policemens pension and retirement board shall have any direct 
 or indirect interest in the gains or profits of any investment made by the 
 board. No member or employee of the board shall, directly or indirectly, for 
 himself or as an agent in any manner use the same, except to make such current 
 and necessary payments as are authorized by the board.