HB4911 Amendment Summary

• Amends the State Employees Group Insurance Act of 1971 by modifying Section 10 regarding State payments for group life insurance and health benefits for eligible members and annuitants.

• Establishes contribution formulas for new annuitants and survivors from SERS, SURS, and TRS State systems beginning January 1, 1998, with State contributions equal to 5% of coverage costs per year of creditable service, up to 100% maximum for 20+ years of service.

• Prohibits State contributions toward health benefits for annuitants and survivors whose deceased employee first became an employee on or after the effective date of this amendatory act.

• Allows local governments, rehabilitation facilities, domestic violence shelters, and child advocacy centers to participate in the State group health benefits program on a non-insured basis, with participating entities paying full costs adjusted for demographic factors.

• Creates the Local Government Health Insurance Reserve Fund as a nonappropriated trust fund held outside the State Treasury to receive and manage payments for local government employee health benefits.