2002 Session

Budget Amendments - SB30 (Committee Approved)

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Active Teacher Group Life

Item 146 #3s

Item 146 #3s

First Year - FY2003 Second Year - FY2004
Education: Elementary and Secondary
Direct Aid To Public Education FY2003 ($3,825,533) FY2004 ($4,194,705) GF

Page 103, line 17, strike "$190,551,283" and insert "$186,725,750".
Page 103, line 17, strike "$193,136,191" and insert "$188,941,486".

(This amendment provides funds to cover the active employee portion of the group life program for public school teachers. The retiree portion would be funded from program assets which total approximately one billion dollars. With this action, the group life insurance employer rate would drop from 0.4 percent to 0.13 percent.)