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The State
Employee Health Plan's first impacted plan year will be fiscal year 2026-27
and is estimated to cost $3,314,460 annually thereafter. The costs are split
across the General Fund ($1,524,652), Highway Fund ($530,314) and all other
funds ($1,259,495). The State Employee Health Plan will require ongoing
General Fund appropriations of $1,524,652 and ongoing Highway Fund
allocations of $530,314 beginning in fiscal year 2026-27 to provide 100%
coverage of certain retired state employees' shares of Medicare Part B
premiums for retirees not eligible for benefits under the United States
Social Security Act whose base annual pension benefit is projected to be less
than or equal to the maximum amount of the retirement benefits that is
subject to the cost-of-living adjustment effective January 1, 2026. |