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2015 Session

Budget Amendments - SB800 (Floor Approved)

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Health Insurance Fund Interest (language only)

Item 3-3.03 #1s

Item 3-3.03 #1s

General Fund Deposits
Interest Earnings

Language
Page 508, line 27, following "and", strike "$11,389,754" and insert "$9,967,081".
Page 509, strike line 3 through line 6.


Explanation
(This amendment reverses the transfer of $1,422,673 in interest earnings to the general fund from State and Local Health Insurance Funds. State employees and retirees pay actuarially established insurance premiums and raiding interest earnings on this account will increase future insurance premiums for all participants.)