Local Trusts to Fund Postemployment Benefits Other Than Pensions

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This is Article 8 of the Code of Virginia, titled “Local Trusts to Fund Postemployment Benefits Other Than Pensions.” It is part of Chapter 15 “Local Government Personnel, Qualification for Office, Bonds, Dual Office Holding and Certain Local Government Officers”, which is part of Subtitle II “Powers of Local Government”, which is part of Title 15.2 “Counties, Cities and Towns”.

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