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DIGEST OF HB 1019 (Updated March 14, 2008 2:58 pm - DI 102)
Public employee retirement. Allows amounts in a retired participant's retirement medical benefits account (account) to be used to pay premiums for individual or group health coverage. Allows: (1) a retired state employee who was eligible to participate in the state group health insurance program (program) but did not file a written request to do so within 90 days after the retired state employee's retirement date; or (2) a retired state employee who is eligible to participate in the program, and on April 1, 2008, had fewer than sixty (60) days after the retired state employee's retirement date to make the written request; sixty (60) days after April 1, 2008, to file a written request to participate in the program and use the balance in the retired state employee's account to pay the premiums for the coverage. Provides a cost of living adjustment (COLA) in 2009 for certain members (or survivors or beneficiaries of members) of the state teachers' retirement fund (TRF). Increases the minimum monthly disability retirement benefit paid to certain members of the public employees' retirement fund (PERF) and TRF from $100 to $180. Provides that a distribution of a thirteenth check by PERF or TRF must include distribution to members eligible for disability benefits. (The introduced version of this bill was prepared by the pension management oversight commission.)
