Virginia Retirement System; authorizes localities to opt out of group insurance program. (HB2481)

Introduced By

Del. Joe McNamara (R-Roanoke)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Retirement System; authorize localities to opt out of group insurance program. Authorizes a locality that participates in the Virginia Retirement System to opt out of the group insurance program and instead establish, either by self-funding or purchasing insurance, local life insurance coverage or accidental death and dismemberment insurance. Under current law, if a locality participates in the group insurance program, it is prohibited from withdrawing. Amends § 51.1-504, § 51.1-801, of the Code of Virginia. Read the Bill »

Status

01/15/2019: Awaiting a Vote in the Appropriations Committee

History

DateAction
01/09/2019Committee
01/09/2019Prefiled and ordered printed; offered 01/09/19 19102983D
01/09/2019Referred to Committee on Appropriations
01/15/2019Assigned App. sub: Compensation & Retirement
01/18/2019Impact statement from VRS (HB2481)

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