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2015 SESSION
SB 977 Virginia Sickness and Disability Program; open enrollment period.
Introduced by: Frank M. Ruff, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Virginia Sickness and Disability Program; open enrollment period. Opens enrollment into the Virginia Sickness and Disability Program between October 1, 2015, and January 1, 2016, for eligible employees not currently participating in the program. Any employee electing to participate in the program would convert his sick leave balances to (i) additional retirement service credit on the basis of one month of service for each 173 hours of sick leave or (ii) disability credits on the basis of one hour of disability credit for each hour of sick leave. An election to participate in the program must be in writing and is irrevocable. The provisions of the bill are contingent on an appropriation of at least $108.6 million to an unfunded liability special fund in a 2015 general appropriation act.
SUMMARY AS INTRODUCED:
Virginia Sickness and Disability Program; open enrollment period. Opens enrollment into the Virginia Sickness and Disability Program between October 1, 2015, and January 1, 2016, for eligible employees not currently participating in the program. Any employee electing to participate in the program would convert his sick leave balances to (i) additional retirement service credit on the basis of one month of service for each 173 hours of sick leave or (ii) disability credits on the basis of one hour of disability credit for each hour of sick leave. An election to participate in the program must be in writing and is irrevocable.