2005 Session

Budget Amendments - HB1500 (Committee Approved)

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Retiree Health Care Credit Rate Increase

Item 146 #6h

Item 146 #6h

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Direct Aid To Public Education FY2005 $0 FY2006 $8,262,772 GF

Page 133, line 35, strike "$3,223,517,215" and insert "$3,231,779,987".

(This amendment provides $8.3 million the second year from the general fund to fund an increase in the retiree health care credit rate for the teacher group pursuant to House Bill 1523. The rate would increase from $2.50 per month up to $4.00 per month and be calculated based on the number of years of service. These funds provide retired teachers with a monthly supplement toward their individual costs for health care premiums. This adjustment will provide equal credit with state employees.)