                                 CODE OF VIRGINIA

ADDITIONAL ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS (§ 51.1-505.01)

The group life, accidental death, and dismemberment insurance coverage purchased
by the Board shall include, but not be limited to, the following benefits:

A. If, as a result of an accident, an insured employee dies at least 75 miles
from his principal residence, an additional accidental death benefit shall be
paid for the preparation and transportation of the employee to a mortuary. The
additional benefit shall be the lesser of the actual cost for such preparation
and transportation or $5,000;

B. If an insured employee dies or suffers a dismemberment as a result of an
accident that occurs while the employee is driving or riding in a private
passenger vehicle, an additional accidental death or dismemberment benefit shall
be paid, provided that (i) the private passenger vehicle is equipped with a
safety restraint system; (ii) such safety restraint system was being used
properly by the insured employee at the time of the accident, as certified in
the official accident report or by the official investigating officer; and (iii)
at the time of the accident, the driver of the private passenger vehicle held a
current license to operate a private passenger vehicle and was not intoxicated,
driving while impaired or under the influence of alcohol or drugs, as is defined
or determined under applicable law.
			The additional benefit shall be the lesser of 10 percent of the amount
otherwise payable due to such accidental death or dismemberment or $50,000.

C. Death or dismemberment from a felonious assault.

   1. If an insured employee dies or suffers a dismemberment as a result of an
   accident caused by a felonious assault committed by other than an immediate
   family member, there shall be paid an additional accidental death or
   dismemberment benefit equal to the lesser of 25 percent of the amount
   otherwise payable due to such accidental death or dismemberment or $50,000.

   2. In addition, if (i) an insured employee dies as a result of an accident
   caused by a felonious assault committed by other than an immediate family
   member, and (ii) such insured employee has a qualifying child at the time of
   such accident, a college savings trust account under the Commonwealth Savers
   Plan (&#xA7; 23.1-700 et seq.) shall be opened for each qualifying child. The
   Retirement System shall be the contributor of any such account and shall
   contribute into the account of each such qualifying child an amount
   approximately equal to the current average cost, as published by the State
   Council of Higher Education for Virginia, of four years of tuition and
   mandatory fees at baccalaureate public institutions of higher education in the
   Commonwealth. The qualified beneficiary, as defined in &#xA7; 23.1-700, shall
   be the qualifying child on whose behalf such account was opened. Specific
   benefits of the college savings trust account shall be as defined by the
   Commonwealth Savers Plan.
   				Disbursements from a college savings trust account opened under this
   section shall be governed by procedures adopted by the Board of Trustees of
   the Virginia Retirement System in accordance with &#xA7; 529 of the Internal
   Revenue Code of 1986, as amended, or other applicable federal law, and any
   other additional procedures as determined by the Board of the Commonwealth
   Savers Plan. College savings trust account funds shall be payable only for
   qualified higher education expenses to a post-secondary eligible educational
   institution. Any funds in a college savings trust account that are not used by
   a qualifying child before the expiration of the time period for the use of
   such funds, as determined by the Commonwealth Savers Plan, shall be paid to
   the Retirement System promptly after the expiration of such period.

HISTORY: 2001, cc. 685, 690; 2002, c. 313; 2020, cc. 245, 374; 2024, c. 217.