Sec. 1. 20-A MRSA §13451, sub-§3, ¶¶B and C, as amended by PL 2001, c. 714, Pt. EE, §1, are further amended to read:

B. Thirty-five percent from July 1, 2002 to June 30, 2003; and

C. Forty percent after from July 1, 2003 to June 30, 2003. 2004; and

Sec. 2. 20-A MRSA §13451, sub-§3, ¶D is enacted to read:

D.__One hundred percent after June 30, 2004.

SUMMARY

This bill increases the State's contribution for health insurance for retired educators from 40% to 100% beginning July 1, 2004. The contribution amount is scheduled under current law to increase to 40% from 35% beginning July 1, 2003.