Bill Text | History of Actions | Background | Title |
Description: Health insurance; require PERS to design and administer plan to provide retirees with partial cost subsidy.
Bill Text: [Introduced]
| 1 | 01/21 (S) Referred To Finance | |
| 2 | 02/05 (S) Died In Committee |
| Effective date | January 1, 2004 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
Senate Committee:
Principal Author: Thames
Code Sections: A 025-0015-0003, A 025-0015-0009, A 025-0015-0011, A 025-0015-0014, A 025-0015-0015, A 025-0015-0103, A 025-0011-0141
Title: AN ACT TO CREATE NEW SECTION 25-11-143, MISSISSIPPI CODE OF 1972, TO REQUIRE THE BOARD OF TRUSTEES OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO DESIGN A PLAN OF HEALTH INSURANCE FOR ALL CURRENT AND FUTURE RETIREES; TO PROVIDE THAT THE PLAN SHALL INITIALLY HAVE BENEFITS EQUIVALENT TO THOSE IN THE STATE AND SCHOOL EMPLOYEES HEALTH INSURANCE PLAN; TO PROVIDE THAT THE BOARD MAY MODIFY THE PLAN AS NECESSARY TO MEET THE NEEDS OF THE MEMBERS OF THE PLAN AND TO MAINTAIN THE FISCAL SOUNDNESS OF THE PLAN; TO PROVIDE THAT THE BOARD MAY OFFER AN OPTIONAL PLAN TO RETIREES WHO ARE ELIGIBLE FOR MEDICARE; TO PROVIDE FOR THE TREATMENT OF RETIREES WHO DECLINE COVERAGE UNDER THE PLAN OR WHO ELECT CONTINUING COVERAGE UNDER COBRA; TO PROVIDE THAT THE BOARD OF TRUSTEES SHALL SUBSIDIZE A PORTION OF THE COST OF PROVIDING THE HEALTH INSURANCE PLAN TO RETIREES; TO PROVIDE FOR THE AMOUNT OF SUBSIDY; TO PROVIDE THAT EACH EMPLOYER SHALL PAY MONTHLY AN AMOUNT EQUAL TO 2.19% OF THE TOTAL PAYROLL OF THE EMPLOYER THAT IS ATTRIBUTABLE TO CONTRIBUTING MEMBERS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM; TO PROVIDE THAT A CERTAIN AMOUNT OF THE PAYMENTS RECEIVED BY THE BOARD OF TRUSTEES SHALL BE HELD IN A FUND AND UTILIZED BY THE BOARD TO SUBSIDIZE THE HEALTH INSURANCE PLAN REQUIRED TO BE ESTABLISHED BY THIS ACT; TO GRANT THE BOARD OF TRUSTEES CERTAIN POWERS AND DUTIES IN REGARD TO THE PLAN; TO CREATE A NEW SECTION TO BE CODIFIED AS SECTION 25-11-145, MISSISSIPPI CODE OF 1972, TO PROVIDE THE MANNER IN WHICH THE FUNDS RECEIVED BY THE INSURANCE PROGRAM ESTABLISHED IN SECTION 25-11-143, MISSISSIPPI CODE OF 1972, MAY BE INVESTED; TO AMEND SECTIONS 25-15-3, 25-15-9, 25-15-11, 25-15-15 AND 25-15-103, MISSISSIPPI CODE OF 1972, TO REMOVE PROVISIONS THAT AUTHORIZE RETIREES TO BE INCLUDED IN THE STATE AND SCHOOL EMPLOYEES LIFE AND HEALTH INSURANCE PLAN; TO AMEND SECTION 25-15-14, MISSISSIPPI CODE OF 1972 TO PROVIDE THAT ELECTED STATE AND DISTRICT OFFICIALS ELIGIBLE FOR GROUP HEALTH INSURANCE AFTER LEAVING OFFICE WILL CONTINUE TO PARTICIPATE IN THE STATE AND SCHOOL EMPLOYEES HEALTH INSURANCE PLAN AND NOT IN THE NEW PLAN FOR RETIREES; TO AMEND SECTION 25-11-141, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
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