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HI HB2492

Bill

Official Source

Status

Passed

4/23/2012

Primary Sponsor

Calvin Say

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Changes the annual adjustment date for retiree base monthly contribution rates from July 1 to January 1 of each year
  • Aligns the contribution rate adjustment with federal Medicare Part B rate adjustments, which are determined and effective January 1 annually
  • Synchronizes the adjustment date with the Hawaii Employer-Union Health Benefits Trust Fund retiree plan year, which runs January 1 to December 31
  • Reduces administrative costs by eliminating one rate change per year and decreases confusion for retirees
  • Supported by the Department of Budget and Finance and the Hawaii Employer-Union Health Benefits Trust Fund

Legislative Description

Hawaii Employer-Union Health Benefits Trust Fund

Last Action

(S) Act 038, 4/20/2012 (Gov. Msg. No. 1138).

4/24/2012

Committee Referrals

Judiciary and Labor3/8/2012
Finance2/14/2012
Labor & Public Employment1/25/2012

Full Bill Text

No bill text available