HB 499-FN - AS INTRODUCED
1999 SESSION
HOUSE BILL 499-FN
AN ACT relative to payment by the state of the cost of medical insurance benefits for certain New Hampshire retirement system members.
SPONSORS: Rep. Soltani, Merr 10
COMMITTEE: Executive Departments and Administration
This bill allows certain retired members in the retirement system or their beneficiaries to have the medical insurance premium payment available to them in the retirement system made instead to the medical insurer of their choosing.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
99-0751
10/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord One Thousand Nine Hundred and Ninety-Nine
AN ACT relative to payment by the state of the cost of medical insurance benefits for certain New Hampshire retirement system members.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Payment by Retirement System; Employee Selected Plans. Amend RSA 100-A:52 by inserting after paragraph VIII the following new paragraph:
IX. A retired member or beneficiary eligible for coverage under this subdivision may apply to the board of trustees on a form approved by the board, for the New Hampshire retirement system to pay on behalf of the member or beneficiary any medical plan selected by the member or beneficiary an amount up to the maximum payment for coverage as determined in this section. The board of trustees shall adopt rules under RSA 541-A relative to the application form, and the administration and operation of this provisions of this paragraph.
2 Effective Date. This act shall take effect July 1, 1999.
LBAO
99-0751
2/1/99
HB 499-FN - FISCAL NOTE
AN ACT relative to payment by the state of the cost of medical insurance benefits for certain New Hampshire retirement system members.
FISCAL IMPACT:
The N.H. Retirement System indicates state restricted revenue and expenditures will increase by $10,000 in FY 2000 and each year thereafter. County and local expenditures will increase by an indeterminable amount in FY 2000 and each year thereafter. There is no fiscal impact on county and local revenue.
METHODOLOGY:
The System states that annual administrative costs to implement the provisions contained in this bill will amount to $10,000 annually. State, county and local expenditures will increase to the extent that as employers, they will contribute to the increase.
The Actuary letter is on file in the bill jacket in the House Clerk's Office.