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2003 SESSION

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HB 2706 Health insurance credits for certain retirees.

Introduced by: Melanie L. Rapp | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Health insurance credits for certain retirees. Increases the monthly health insurance credit used to offset the cost of health insurance premium costs to $4 for each year of creditable service, not to exceed a maximum monthly credit of $120 for retired (i) teachers, (ii) local government employees, (iii) constitutional officers and their employees, and (iv) local social service employees. Under current law the monthly health insurance credit for teachers is $2 for each year of creditable service up to a maximum monthly amount of $75, and, for the remainder of these employees, these amounts are $1.50 and $45, respectively.


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