HB 4602 Summary

• Beginning January 1, 2022, the Michigan Legislative Retirement System must pay 80% of the entire monthly premium for hospitalization, medical, dental, and vision insurance coverage for retirants, deferred vested members, and their eligible dependents (reduced from prior coverage levels).

• For former qualified participants vested under section 75(2)(a) or (c), the state's contribution to health insurance premiums is capped at 80% effective January 1, 2022 (previously 90%).

• Former qualified participants must meet vesting requirements and either reach the benefit commencement age with applicable service credits or be 55 years or older to elect health insurance coverage.

• Eligible former qualified participants may elect health insurance coverage for themselves and their dependents, with the retirement system responsible for purchasing coverage at specified premium-sharing levels.

• Non-vested former qualified participants remain ineligible for health insurance benefits under the act.