HB 95 — RETIREE HEALTH CARE FUND CONTRIBUTIONS

Bill Text

• Introduced introduced version Current pdf

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill incrementally increases employee and employer contributions to the retiree health care fund.

• Section 10-7C-15

  (a) one and three-tenths percent of each participating employee's salary for the period from July 1, 2002 through June 30, 2010; (b) one and six hundred sixty-six thousandths percent of each participating employee's salary for the period from July 1, 2010 through June 30, 2011; (c) one and eight hundred thirty-four thousandths percent of each participating employee's salary for the period from July 1, 2011 through June 30, 2012; (d) → (a) 2019, two percent of each participating employee's salary; (b) 2020, two and one-half percent of each participating employee's salary; and (c) 2021 and subsequent fiscal years, three percent of each participating employee's salary;

  This change establishes new contribution rates for employers based on fiscal years starting in 2019.

• Section 10-7C-15

  (a) one and three-tenths percent of each participating employee's salary for the period from July 1, 2002 through June 30, 2010; (b) two and eighty-four thousandths percent of each participating employee's salary for the period from July 1, 2010 through June 30, 2011; (c) two and two hundred ninety-two thousandths percent of each participating employee's salary for the period from July 1, 2011 through June 30, 2012; (d) → (a) 2019, two and one-half percent of each participating employee's salary; (b) 2020, three percent of each participating employee's salary; and (c) 2021 and subsequent fiscal years, three and one-half percent of each participating employee's salary;

  This change establishes new contribution rates for employers of employees who are members of an enhanced retirement plan starting in 2019.

• Section 10-7C-15

  (a) sixty-five hundredths of one percent of the employee's salary for the period from July 1, 2002 through June 30, 2010; (b) eight hundred thirty-three thousandths of one percent of the employee's salary for the period from July 1, 2010 through June 30, 2011; (c) nine hundred seventeen thousandths of one percent of the employee's salary for the period from July 1, 2011 through June 30, 2012; (d) → (a) 2019 through fiscal year 2021, one percent of the employee's salary; (b) 2022, one and one-fourth percent of the employee's salary; and (c) 2023 and subsequent fiscal years, one and one-half percent of the employee's salary;

  This change establishes new contribution rates for employees who are not members of an enhanced retirement plan beginning in 2019.

• Section 10-7C-15

  (a) sixty-five hundredths of one percent of the employee's salary for the period from July 1, 2002 through June 30, 2010; (b) one and forty-two thousandths percent of the employee's salary for the period from July 1, 2010 through June 30, 2011; (c) one and one hundred forty-six thousandths percent of the employee's salary for the period from July 1, 2011 through June 30, 2012; (d) → (a) 2019 through fiscal year 2021, one and one-fourth percent of the employee's salary; (b) 2022, one and one-half percent of the employee's salary; and (c) 2023 and subsequent fiscal years, one and three-fourths percent of the employee's salary;

  This change establishes new contribution rates for employees who are members of an enhanced retirement plan starting in 2019.

Action History

1. April 10, 2019

   action postponed indefinitely

2. February 06, 2019

   DO PASS committee report adopted

3. January 16, 2019

   Sent to House State Government, Elections & Indian Affairs Committee & House Appropriations & Finance Committee

4. December 18, 2018

   Sent to House Pre-file

Sponsors

• Tomás E. Salazar · Primary
• Elizabeth "Liz" Stefanics · Primary

Subjects