SB860: Health insurance credits; increased for retired teachers.

Chief Patron

Sen. Roscoe Reynolds (D-20)

Status

Bill is Dead

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Summary

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.

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