Sickness and Disability Program; open-enrollment period. (SB316)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Virginia Sickness and Disability Program; open-enrollment period. Opens the enrollment into the Virginia Sickness and Disability Program between October 1, 2008, and January 1, 2009, 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. Disability credits would be used to continue periods for which the employee would receive income replacement at 100 percent of creditable compensation for a disability. An election to participate in the program must be in writing, and is irrevocable. Amends § 51.1-1103 (“Participation in the program.”), of the Code of Virginia. View Full Text »
