Bill > LD111

This bill amends state law to gradually increase the percentage of health insurance premiums that the state will cover for retired teachers. Currently, the state pays 55% of premiums from July 1, 2021 to June 30, 2023, and 60% from July 1, 2023 to June 30, 2025. The bill proposes to raise the state's share to 65% from July 1, 2025 to June 30, 2026, and then to 70% after July 1, 2026. This incremental increase in the state's contribution is intended to provide greater financial support for retired teachers' health insurance. The bill is classified as an emergency measure, which means it will take effect immediately upon approval, allowing the state to implement these changes at the start of the next fiscal year. The legislation specifically modifies section 13451, subsection 3 of Title 20-A of the Maine Revised Statutes, which governs the state's contributions to retired teachers' health insurance premiums.

Labor and Employment

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=111&snum=132