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2007 SESSION

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HB 2370 Health insurance credits; increased for retired teachers.

Introduced by: Robert Tata | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Health insurance credits; teachers and other local school board employees. Increases the monthly health insurance credit for retired teachers from $2.50 to $4.00 for each full year of the retired member's creditable service. The bill eliminates an overall cap to the credit, and adds retired full-time, salaried employees of local school boards as recipients of the credit. The bill establishes a formula for determining the monthly health insurance credit for teachers whose retirement was for disability. The bill is applicable for current and future retirees from positions as teachers or full-time, salaried employees of local school boards.

Pursuant to this bill, a locality would no longer have the option of providing an additional $1 health insurance credit to retired teachers, and the maximum credit that a teacher could receive is $4.

This bill is identical to SB 1218.

SUMMARY AS PASSED HOUSE:

Health insurance credits; teachers.  Increases the monthly health insurance credit to retired teachers from $2.50 to $4 for each full year of the retired member's creditable service.  The bill is applicable to current and future retirees and is effective January 1, 2008, and only if funding is provided.

SUMMARY AS INTRODUCED:

Health insurance credits; teachers. Increases the monthly health insurance credit to retired teachers from $2.50 to $4 for each full year of the retired member's creditable service. The bill is applicable to current and future retirees and is effective July 1, 2007.