2000 Session

Budget Amendments - HB29 (Conference Report)

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Deferred Comp. Plan (language only)

Item 546.10 #1c

Item 546.10 #1c

Central Appropriations
Central Appropriations

Page 460, line 27, after "participation",. insert: "
However, employees who are otherwise eligible but whose 403 (b) provider does not participate in the cash match program by establishing a 401(a) account are ineligible to receive a cash match.”
Page 460,  line 33, strike "by the Virginia".
Page 460, line 34, strike "Retirement System".
Page 460, line 36, strike "§51.1-116" and insert "§51.1-124.30(c.)".

(This amendment makes it clear that 403 (b) providers must provide for the cash match to be placed in a seperate 410 (a) account so the participant is not affected in their contribution limits.)