DE HB330

Modifies § 5544 to require the State include three components in annual appropriations for retiree health insurance under Chapter 52: the anticipated cost of retiree health insurance premiums, at least 1% of the prior year's General Fund operating budget appropriations to the OPEB Fund, and prefunding to the OPEB Fund.

Establishes prefunding schedule for OPEB Fund beginning in Fiscal Year 2026 at 0.50% of covered payroll, then increasing by an additional 0.25% annually starting in Fiscal Year 2027.

Requires the total appropriated under the retiree health insurance provisions must not exceed the annual required contribution determined by the Board of Pension Trustees under § 5283.

Specifies that appropriations for retiree health insurance costs and prefunding must be included in the annual operating Budget Appropriation Bill, while the 1% OPEB Fund contribution may be made in either the operating budget or a Supplementary Appropriation Bill.

Updates §§ 6333, 6334, and 6335 to require review and inclusion of OPEB Fund appropriations in budget planning and submission to the General Assembly.