§ 51.1-513.2. Long-term care coverage program.
A. The Board shall, with the mutual consent of the Board and the Director of the Department of Human Resource Management, assume responsibility for the long-term care coverage program, established pursuant to § 2.2-1208, for state employees and for any person who has five or more years of creditable service with any retirement plan administered by the Virginia Retirement System. The Board is authorized to contract for and purchase insurance coverage or to use other actuarially sound funding necessary to effectuate this provision.
B. Any person eligible to participate in the long-term care coverage program pursuant to § 51.1-513.3 will not be eligible for this plan.
C. Notwithstanding the provisions of subsection A, the Board may self-insure long-term care benefits provided under § 51.1-513.2 or 51.1-513.3 in accordance with the standards set forth in § 51.1-124.30.
(2008, c. 568.)
Sections: Previous 51.1-505.01 51.1-506 51.1-507 51.1-508 51.1-509 51.1-510 51.1-511 51.1-512 51.1-512.1 51.1-513 51.1-513.1 51.1-513.2 51.1-513.3 51.1-513.4 51.1-514 NextLast modified: April 16, 2009