Va. Code » Title 51.1. Pensions, Benefits, and Retirement » Chapter 1. Virginia Retirement System » Article 2.1. Board of Trustees, Medical Board, and Advisory Committees
Virginia Code

Va. Code Ann. § 51.1-124.28 (2026)

Legal representation in criminal matters

✓ current as of May 2026
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Upon the acquittal, dismissal of charges, nolle prosequi, or any other final disposition concluding the innocence of any trustee, advisory committee member, officer, or employee of the Retirement System brought before any regulatory body, summoned before any grand jury, investigated by any law-enforcement agency, arrested, indicted, or otherwise prosecuted on any criminal charge arising out of any act committed in the discharge of his official duties which alleges a violation of state or federal securities laws, the Board may reimburse all or part of the cost of employing legal counsel and such other costs as are demonstrated to have been reasonably necessary for his defense. The Board shall provide for the payment of such legal fees and expenses out of funds appropriated for the administration of the Retirement System.

1997, c. 821.

Notes of Decisions
Cited in 2 cases, 2000–2006 · leading case: Finn v. Virginia Ret. Sys., 524 S.E.2d 125 (Va. 2000).
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Finn v. Virginia Ret. Sys., 524 S.E.2d 125 (Va. 2000). · cites it 8× “The circuit court sustained the *148 demurrers, holding that neither Code § 51.1-124.28 nor the common law confers upon Finn a right of indemnification against the Commonwealth.”
Roe v. Com., 628 S.E.2d 526 (Va. 2006). · cites it 2× “We also observe that the General Assembly has enacted many statutes that contain both the terms "nolle prosequi" and "dismissed." Examples of statutes that contain both terms include: Code § 16.”
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