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2015 SESSION

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SB 738 Virginia Sickness and Disability Program; open enrollment period for certain members of VRS.

Introduced by: Charles W. Carrico, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Virginia Sickness and Disability Program; open enrollment period for members of the State Police Officers' Retirement System. Opens the enrollment into the Virginia Sickness and Disability Program from October 1, 2015, through December 31, 2015, for employees covered by the State Police Officers' Retirement System who are not currently covered by the program. An election to participate in the program must be in writing and is irrevocable. The sick leave balance of such employees who elect to join the program would be converted to retirement service credit on the basis of one month for every 173 hours of sick leave. The bill also contains technical changes. The provisions of the bill are contingent on an appropriation of at least $8.6 million to an unfunded liability special fund in a 2015 general appropriation act.


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