This bill amends the contribution percentages for state employee health benefits and group insurance contributions for school districts, charter schools, and participating entities in the Public School Insurance Authority. It establishes new contribution percentages for state employees, which will take effect on July 1, 2025. Specifically, the bill stipulates that the state will cover up to eighty percent of the insurance cost for employees earning less than $50,000, seventy percent for those earning between $50,000 and $60,000, and sixty percent for those earning $60,000 or more. Additionally, it allows school districts and charter schools to contribute up to one hundred percent of the insurance cost for all employees.

The bill also includes several deletions from current law, such as the previous contribution percentages for state employees and the requirement for the employer to pay one hundred percent of basic life insurance premiums. Furthermore, it removes provisions regarding the contributions for legislators and the definitions related to the cost of insurance. The effective date for these changes is set for July 1, 2025, ensuring that the new contribution structure will be implemented at that time.

Statutes affected:
introduced version: 10-7-4, 22-29-10