SB 2046 Summary

• Temporary employees who enroll before January 1, 2020 must contribute to the retiree health benefit fund, while those enrolling after December 31, 2019 pay an additional 1.14% of monthly salary instead.

• Governmental units contributing to public employee retirement systems must contribute an additional 1.14% of monthly salaries to the retiree health benefits fund for members first enrolled after December 31, 2019.

• Members of the public employees retirement system who first enrolled after December 31, 2019 are ineligible for retiree health benefits credit, unlike those enrolled before that date.

• Employers in the defined contribution retirement plan must contribute an additional 1.14% of monthly wages for members first enrolled after December 31, 2019.

• The retiree health benefits fund account covers hospital, medical, prescription drug, dental, vision, and long-term care benefits for retired eligible employees and their surviving spouses and dependents.