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2011 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 51.1-1135.2 of the Code of Virginia is amended and reenacted as follows:
§ 51.1-1135.2. Board authorized to provide long-term care insurance and benefits.
A. For purposes of this section, "eligible participating
employee" means the same as that term is defined in § 51.1-1100.
B. The Board is authorized to develop, implement, and
administer a long-term care insurance program for eligible
participating employees that includes, among other elements, provisions
under which a person may purchase continuing coverage if he ceases to be a
participating employee. The Board may contract for and purchase such
long-term care insurance or may self-insure long-term care benefits or may use
such other actuarially sound funding necessary to effectuate such long-term
care insurance and benefits.
C. The costs of providing long-term care benefits for
participating employees shall be paid by state agencies from funds as shall
be appropriated by law to state agencies. State agencies shall pay to the Board
from such funds contribution amounts, to be determined by the Board, to provide
the Board with such funds as shall be required from time to time to (i) obtain
and maintain long-term care insurance and benefits for eligible
participating employees, and (ii) administer the long-term care insurance
program, including providing case management and cost containment programs.
Contributions shall be deposited in the Disability Insurance Trust Fund
established under § 51.1-1140.