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2007 SESSION

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SB 1218 Health insurance credits; increased for retired teachers.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

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 incorporates SB 777, SB 831, SB 860, and SB 1170, and is identical to HB 2370.


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