DE HB81

State shall pay 96% of basic health insurance premiums for active employees and eligible dependents not on Medicare, with lower percentages for Consumer-Directed Health plans (95%), HMO plans (93.5%), and Comprehensive PPO plans (86.75%).

For retirees not on Medicare, state pays 96% of premiums under the same plan structure; for Medicare-eligible retirees hired before January 1, 2007 retiring before July 1, 2012, state pays 100% of premiums.

Establishes new pension eligibility rules for Post-2011 employees (hired on or after January 1, 2012) requiring 10 years of service at age 65, 20 years at age 60, or 30 years at any age for full pension eligibility.

Post-2011 employees excluded from overtime in pension compensation calculations; includes vesting requirement of 10 years of credited service and 5% employee contribution rate on compensation exceeding $6,000.

Elected officials hired on or after January 1, 2012 face stricter pension eligibility: 20 years of service at age 60 or 10 years at age 65, compared to previous rules of 5 years at age 60 or 10 years at age 55.