1999 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Martin
Long-term Care Program

Item 567 #1s

Item 567 #1s

First Year - FY1999 Second Year - FY2000
Independent Agencies
Virginia Retirement System FY1999 $0 FY2000 $150,000 GF

Page 446, line 6, strike "$13,725,351" and insert "$13,875,351".
Page 466, following line 25, insert:
"The Virginia Retirement System shall design and implement a long-term care insurance program for state and local employees, VRS beneficiaries, and their families.  Once established, the program shall be self funded through premiums paid by participants.  The Virginia Retirement System is hereby authorized to hire a consultant for a sum not to exceed $150,000 to assist in the design and implementation of this program."

(This amendment provides $150,000 the first year to begin implementation of a long-term care insurance program for state employees, as provided for in SB 220 (1998).)