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| Sec. 2. 20-A MRSA §13451, sub-§3, as amended by PL 2001, c. 439, Pt. PP, | | §2, is further amended to read: |
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| | | 3. Payment by State. The State shall pay 30% of the retired | | teacher members' share of this insurance. Beginning July 1, | | 2002, the State shall pay no less than 35% of the retired teacher | | members' share of this insurance, and, if the conditions set | | forth in Title 5, section 1521 are met, the State must pay the | | greater percentage required by that section. |
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| | | This bill establishes the Retired Teacher Health Insurance | | Contribution Fund to pay for increasing the State's contribution | | toward payment of retired teachers' health insurance premiums by | | 5% per year. Beginning July 1, 2002, the State pays 35% of those | | premium costs. The Retired Teacher Health Insurance Contribution | | Fund is funded by transfers from the unappropriated surplus of | | the General Fund. |
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