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1999 SESSION

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HB 1607 Health insurance credits; retired sheriffs and deputies.

Introduced by: John J. Davies III | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Health insurance credits; retired sheriffs and deputies. Provides that retired sheriffs and deputies who rendered at least 15 years of creditable service shall receive a health insurance credit to their monthly retirement allowance, which shall be applied to reduce the retired member's health insurance premium cost, provided the retiree's employer elects to participate in the credit program. The amount of each monthly health insurance credit payable under this section shall be $1.50 for each full year of the retired member's creditable service, not to exceed a maximum monthly credit of $45. Localities which participate in VRS may also elect to provide an additional one-dollar health insurance credit per month per full year of the retired member’s creditable service. The additional amount may not exceed a monthly credit of $30.


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