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2005 SESSION

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HB 1866 Health insurance; increases credits for certain state and local retirees.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Health insurance credits for state and local retirees.  Increases the monthly health insurance credits provided to local and state employees retiring with 25 or more years of creditable service to $7 per year of creditable service, not to exceed a maximum of $210 per month.  These amounts, as well as the amount of the monthly credits under current law for employees retiring with less than 25 years of service, are indexed to the average annual increase in the premiums for the state retiree health benefits plans. The bill applies to state employees, local employees, teachers, constitutional officers and their employees, and local social service employees, whether they retired before or retire after the effective date of the bill, July 1, 2005.


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