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2014 SESSION
HB 1105 Life insurance; basic coverage for retired state employees, creditable service.
Introduced by: Riley E. Ingram | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Life insurance for retired state employees. Provides that the basic life insurance coverage for retired state employees with 30 or more years of creditable service shall not be reduced to less than $8,000, indexed to the amount of post-retirement supplements for retirees as calculated for employees hired on or after July 1, 2010.
SUMMARY AS INTRODUCED:
Life insurance for retired state employees. Provides (i) that the basic life insurance coverage for retired state employees with 15 or more years of creditable service shall not be reduced to less than $8,000, indexed to the amount of any general salary increases for state employees, and (ii) that retired state employees be offered optional group life insurance coverage with premiums to be paid by the retirees.