Local Trusts to Fund Postemployment Benefits Other Than Pensions | Midpage

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Code of Virginia

Article 8

Local Trusts to Fund Postemployment Benefits Other Than Pensions

15.2-1544Counties, cities, towns, school divisions, and certain political subdivisions may establish local trusts or equivalent arrangements to fund postemployment benefits other than pensions 15.2-1545Postemployment benefits other than pensions defined 15.2-1546Assets of trusts or equivalent arrangements for postemployment benefits other than pensions 15.2-1547Creation of local finance boards to manage the assets of postemployment benefits trust or equivalent arrangement; composition of such boards; alternatives to such boards; liability; and removal from office 15.2-1548Finance boards or alternatives thereto to manage the assets of trusts or equivalent arrangements to fund postemployment benefits other than pensions and provide annual reports; exemption from Public Procurement Act 15.2-1549Investment of assets of trusts or equivalent arrangement for postemployment benefits other than pensions