§ 51.1-506. Employee contributions; payroll deductions; effect of failure todeduct.
Each insured employee shall contribute to the cost of his insurance an amountto be determined by the Board but not to exceed the rate of $0.70 per monthfor each $1,000 of annual salary. If the annual salary is not an evenmultiple of $1,000, annual salary shall be considered to be the next higher$1,000. The employer shall deduct the premium from the salary payable to theinsured employee. An employee who is paid on other than a monthly basis shallhave an amount deducted at a proportionate rate, adjusted to the nearestcent. All deductions shall be retained by or paid to the State Treasurer tothe credit of the Board and shall be available to the Board for the purposesof carrying out the provisions of this chapter. Nothing contained in thissection shall prohibit any employer from making the contributions requiredherein for his employees, in whole or in part.
If the premium is not deducted from the employee's salary and the failure todeduct is not the fault of the employee, the employee shall be insured andthe employee shall not be required to pay the amount which should have beendeducted.
Employees retired for service or disability shall not be required tocontribute to the cost of their life insurance. If an employee is separatedfrom the service of any state institution of higher education or of any localschool board prior to completing a school year, the premiums paid shall beaccepted and retained as proper to date of separation. If a state employee ofa public institution of higher education or a teaching hospital affiliatedwith a public institution of higher education (i) is employed pursuant to acontract (a) that is for a term of employment of at least nine months and (b)that does not coincide with the normal scholastic year, and (ii) separatedfrom service prior to completing the contract year, the premiums paid shallbe accepted and retained as proper to the date of separation.
(1960, c. 604, §§ 51-111.67:5, 51-111.67:6; 1962, c. 43; 1966, c. 174; 1972,c. 841; 1974, c. 353; 1975, c. 597; 1980, c. 595; 1990, c. 832; 2005, cc.933, 945.)
§ 51.1-506. Employee contributions; payroll deductions; effect of failure todeduct.
Each insured employee shall contribute to the cost of his insurance an amountto be determined by the Board but not to exceed the rate of $0.70 per monthfor each $1,000 of annual salary. If the annual salary is not an evenmultiple of $1,000, annual salary shall be considered to be the next higher$1,000. The employer shall deduct the premium from the salary payable to theinsured employee. An employee who is paid on other than a monthly basis shallhave an amount deducted at a proportionate rate, adjusted to the nearestcent. All deductions shall be retained by or paid to the State Treasurer tothe credit of the Board and shall be available to the Board for the purposesof carrying out the provisions of this chapter. Nothing contained in thissection shall prohibit any employer from making the contributions requiredherein for his employees, in whole or in part.
If the premium is not deducted from the employee's salary and the failure todeduct is not the fault of the employee, the employee shall be insured andthe employee shall not be required to pay the amount which should have beendeducted.
Employees retired for service or disability shall not be required tocontribute to the cost of their life insurance. If an employee is separatedfrom the service of any state institution of higher education or of any localschool board prior to completing a school year, the premiums paid shall beaccepted and retained as proper to date of separation. If a state employee ofa public institution of higher education or a teaching hospital affiliatedwith a public institution of higher education (i) is employed pursuant to acontract (a) that is for a term of employment of at least nine months and (b)that does not coincide with the normal scholastic year, and (ii) separatedfrom service prior to completing the contract year, the premiums paid shallbe accepted and retained as proper to the date of separation.
(1960, c. 604, §§ 51-111.67:5, 51-111.67:6; 1962, c. 43; 1966, c. 174; 1972,c. 841; 1974, c. 353; 1975, c. 597; 1980, c. 595; 1990, c. 832; 2005, cc.933, 945.)
§ 51.1-506. Employee contributions; payroll deductions; effect of failure todeduct.
Each insured employee shall contribute to the cost of his insurance an amountto be determined by the Board but not to exceed the rate of $0.70 per monthfor each $1,000 of annual salary. If the annual salary is not an evenmultiple of $1,000, annual salary shall be considered to be the next higher$1,000. The employer shall deduct the premium from the salary payable to theinsured employee. An employee who is paid on other than a monthly basis shallhave an amount deducted at a proportionate rate, adjusted to the nearestcent. All deductions shall be retained by or paid to the State Treasurer tothe credit of the Board and shall be available to the Board for the purposesof carrying out the provisions of this chapter. Nothing contained in thissection shall prohibit any employer from making the contributions requiredherein for his employees, in whole or in part.
If the premium is not deducted from the employee's salary and the failure todeduct is not the fault of the employee, the employee shall be insured andthe employee shall not be required to pay the amount which should have beendeducted.
Employees retired for service or disability shall not be required tocontribute to the cost of their life insurance. If an employee is separatedfrom the service of any state institution of higher education or of any localschool board prior to completing a school year, the premiums paid shall beaccepted and retained as proper to date of separation. If a state employee ofa public institution of higher education or a teaching hospital affiliatedwith a public institution of higher education (i) is employed pursuant to acontract (a) that is for a term of employment of at least nine months and (b)that does not coincide with the normal scholastic year, and (ii) separatedfrom service prior to completing the contract year, the premiums paid shallbe accepted and retained as proper to the date of separation.
(1960, c. 604, §§ 51-111.67:5, 51-111.67:6; 1962, c. 43; 1966, c. 174; 1972,c. 841; 1974, c. 353; 1975, c. 597; 1980, c. 595; 1990, c. 832; 2005, cc.933, 945.)
