15.2-1545 - Postemployment benefits other than pensions defined. - Virginia Statutes

§ 15.2-1545. Postemployment benefits other than pensions defined.

Postemployment benefits other than pensions covered by the trust, trusts, orequivalent arrangement shall be defined by the governing body of the county,city, or town, by the appointed or elected school board, or by the governingbody of any other political subdivision that creates any such program ortrust. Such benefits may include but are not limited to medical, dental, andlife insurance provided to individuals who have terminated their service andto the dependents of such individuals and may be provided by purchasinginsurance, by a program of self-insurance, or by a combination of both. Suchpostemployment benefits other than pensions may be provided to the officersand employees or to their dependents, estates, or designated beneficiaries.Any benefits arising from any postemployment benefits other than pensionplans shall be clearly defined and strictly construed.

(2007, c. 710.)