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2000 SESSION

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SB 356 Health insurance; credit for retired state employees and teachers.

Introduced by: Kevin G. Miller | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Health insurance credit for retired state employees and teachers. Provides that retired state employees shall receive a health insurance credit calculated pro rata, based on years of creditable service, on the total premium for the Medicare supplement provided under the Commonwealth's retiree health benefits program. The bill provides retired teachers with monthly health insurance credits equal to three and one-half dollars for each full year of creditable service up to a maximum of $105. Current law provides retired state employees with a monthly credit equal to four dollars for each year of creditable service up to $120, and provides teachers a credit of two and one-half dollars for each year of creditable service up to $75.


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