Amends TCA Section 8-27-205.
Generally under present law, the state insurance committee establishes a health benefit for state employees who are retired. Present law requires the committee to establish a schedule of premiums and authorizes the committee to establish a schedule of defined contributions for retirees eligible for the health benefits so established. The schedule must be graduated to reflect the retiree's length of service. Under present law, retirees with: 30 or more years of service receive 80 percent of the scheduled premium or defined contribution; 20 years of service, but less than 30 years of service receive 70 percent of the scheduled premium or defined contribution; and less than 20 years of service must receive 60 percent of the scheduled premium or defined contribution. Present law provides a separate provision whereby a Tennessee Highway patrol member who is a retiree with 25 years of service receives 80 percent of the scheduled premium or defined contribution. This bill establishes the same provision for commissioned members of the Tennessee wildlife resources agency or Tennessee bureau of investigation.
Generally under present law, the state insurance committee establishes a health benefit for state employees who are retired. Present law requires the committee to establish a schedule of premiums and authorizes the committee to establish a schedule of defined contributions for retirees eligible for the health benefits so established. The schedule must be graduated to reflect the retiree's length of service. Under present law, retirees with: 30 or more years of service receive 80 percent of the scheduled premium or defined contribution; 20 years of service, but less than 30 years of service receive 70 percent of the scheduled premium or defined contribution; and less than 20 years of service must receive 60 percent of the scheduled premium or defined contribution. Present law provides a separate provision whereby a Tennessee Highway patrol member who is a retiree with 25 years of service receives 80 percent of the scheduled premium or defined contribution. This bill establishes the same provision for commissioned members of the Tennessee wildlife resources agency or Tennessee bureau of investigation.
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