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2006 Special Session I

Budget Amendments - HB5002 (Committee Approved)

Group Life and Retiree Health Credit Savings

Item 456.10 #1h

Item 456.10 #1h

First Year - FY2007 Second Year - FY2008
Central Appropriations
Central Appropriations FY2007 ($1,999,913) FY2008 ($2,161,140) GF

Language
Page 390, after line 30, insert
"The Director, Department of Planning and Budget, shall withhold from general fund appropriations in Item 135 an amount estimated at $1,999,913 the first year and $2,161,140 the second year representing savings from a reduction in contribution rates for the group life insurance and for the retiree health care credit programs."


Explanation
(This amendment captures savings from lower contribution rates for the group life insurance and retiree health care credit program.)