An act relating to the study and design of a long-term care trust fund

This bill directs Vermont's Secretary of Administration to study and design a long-term care trust fund for eligible state residents. The study must examine a social insurance model, funding collection starting in 2024 from Vermonters earning over 150 percent of the federal poverty level, and the creation of a governing committee to manage the fund. The report, due by January 15, 2024, will include recommendations for legislation to establish the fund and its benefit structure, with benefits potentially available after two years of contributions. The act takes effect on July 1, 2023, and focuses on planning rather than immediately creating the fund.