CHAPTER 84
An Act to amend and reenact §§ 2.2-2744 , 2.2-2746 , 2.2-2747 , 2.2-2748 , and 2.2-2751 of the Code of Virginia, relating to state-facilitated IRA savings program.
[H 176]
Approved April 6, 2026
Be it enacted by the General Assembly of Virginia:
1. That §§ 2.2-2744 , 2.2-2746 , 2.2-2747 , 2.2-2748 , and 2.2-2751 of the Code of Virginia are amended and reenacted as follows:
§ 2.2-2744 . Definitions.
As used in this chapter, unless the context requires a different meaning:
"Board" means the governing board of the Commonwealth Savers Plan.
"Committee" means the Program Advisory Committee established pursuant to § 2.2-2746 .
"Eligible employee" means any individual who is (i) 18 years of age or older, (ii) currently employed at least 30 hours a week , and (iii) receiving wages.