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2007 SESSION
SB 1218 Health insurance credits; increased for retired teachers.
Introduced by: Emmett W. Hanger, Jr. | 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 incorporates SB 777, SB 831, SB 860, and SB 1170, and is identical to HB 2370.
SUMMARY AS PASSED SENATE:
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 also 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.
As is the case under current law, retired local government employees, other than teachers and employees of local school boards, with at least 15 years of creditable service may, at the option of the locality, receive a monthly health insurance credit equal to $1.50 for each full year of the retired member's creditable service.
This bill incorporates SB 777, SB 831, SB 860, and SB 1170.
SUMMARY AS INTRODUCED:
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 also 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 is applicable for current and future retirees from positions as teachers or full-time, salaried employees of local school boards.
As is the case under current law, retired local government employees, other than teachers and employees of local school boards, with at least 15 years of creditable service may, at the option of the locality, receive a monthly health insurance credit equal to $1.50 for each full year of the retired member's creditable service.