Bill > S1499

This bill aims to provide fair and affordable public retiree benefits. Key provisions include: 1. Increasing the maximum public retiree benefit from $13,000 to $18,000, and then tying it to 65% of the maximum Social Security benefit for a worker retiring at full retirement age. 2. Gradually increasing the percentage of health insurance premiums paid by the government for retired public employees, from 65% to 100% over a period of 18 years. 3. Capping the out-of-pocket costs for retired public employees aged 65 and older who are not eligible for Medicare at $2,500 for individual coverage and $5,000 for family coverage. 4. Ensuring that reductions in government contributions towards health insurance premiums for retired public employees do not apply to those who have already retired. The bill's provisions are phased in over time, with the initial changes taking effect in July 2019 and the final changes coming into effect in July 2037.

Labor and Employment

https://malegislature.gov/Bills/191/S1499