Local Trusts To Fund Postemployment Benefits Other Than Pensions
This is Article 8 of the Code of Virginia, titled “Local Trusts To Fund Postemployment Benefits Other Than Pensions.” It is part of Title 15.2, titled “Counties, Cities And Towns.” It is part of Subtitle II, titled “Powers Of Local Government.” It is part of Chapter 15, titled “Local Government Personnel, Qualification For Office, Bonds, Dual Office Holding And Certain Local Government Officers.” It’s comprised of the following 6 sections.
- § 15.2-1544
- Counties, cities, towns, school divisions, and certain political subdivisions may establish local trusts or equivalent arrangements to fund postemployment benefits other than pensions
- § 15.2-1545
- Postemployment benefits other than pensions defined
- § 15.2-1546
- Assets of trusts or equivalent arrangements for postemployment benefits other than pensions
- § 15.2-1547
- Creation 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
- § 15.2-1548
- Finance 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
- § 15.2-1549
- Investment of assets of trusts or equivalent arrangement for postemployment benefits other than pensions