VA HB1296

Increases the monthly health insurance credit for retired general registrars and their employees from $1.50 to $1.75 per year of creditable service, effective July 1, 2026

Raises the maximum monthly health insurance credit cap for these retirees from $45 to $52.50

Sets the disability retirement health insurance credit for general registrars and their employees at $52.50 monthly, matching the rate for local constitutional officers

Requires a minimum of 15 years of creditable service under the Virginia Retirement System to qualify for the health insurance credit

Costs of the enhanced credits will be borne by the Commonwealth of Virginia