Bill Text: TX HB4492 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to enrollment of certain retirees in and cost-sharing for the Texas Public School Employees Group Insurance Program.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2019-03-26 - Referred to Pensions, Investments & Financial Services [HB4492 Detail]
Download: Texas-2019-HB4492-Introduced.html
| 86R12480 LED-F | ||
| By: Herrero | H.B. No. 4492 | |
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| relating to enrollment of certain retirees in and cost-sharing for | ||
| the Texas Public School Employees Group Insurance Program. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 1575.161, Insurance Code, is amended by | ||
| adding Subsections (b) and (c) to read as follows: | ||
| (b) Notwithstanding Subsection (a), the trustee by rule | ||
| shall provide one opportunity to reenroll in a health benefit plan | ||
| offered under the group program for an otherwise eligible retiree: | ||
| (1) who is eligible to enroll in Medicare; | ||
| (2) whose initial enrollment was voluntarily | ||
| terminated on or after January 1, 2017, and on or before December | ||
| 31, 2018; and | ||
| (3) who opts to reenroll on or before December 31, | ||
| 2023. | ||
| (c) Subsection (b) and this subsection expire September 1, | ||
| 2024. | ||
| SECTION 2. Section 1575.202(a), Insurance Code, is amended | ||
| to read as follows: | ||
| (a) Each state fiscal year, the state shall contribute to | ||
| the fund an amount equal to a percentage [ |
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| salary of each active employee as follows: | ||
| (1) for the 2020 and 2021 fiscal years, 2.25 percent; | ||
| (2) for the 2022 fiscal year, 2.5 percent; | ||
| (3) for the 2023 fiscal year, 2.75 percent; | ||
| (4) for the 2024 fiscal year, three percent; | ||
| (5) for the 2025 fiscal year, 3.25 percent; | ||
| (6) for the 2026 fiscal year, 3.5 percent; | ||
| (7) for the 2027 fiscal year, 3.75 percent; | ||
| (8) for the 2028 fiscal year, four percent; and | ||
| (9) for the 2029 fiscal year, and each subsequent | ||
| fiscal year, 4.25 percent. | ||
| SECTION 3. Section 1575.212, Insurance Code, is amended by | ||
| adding Subsection (c) to read as follows: | ||
| (c) The trustee may not increase the payments under | ||
| Subsection (a-1) for a biennium in which the legislature does not | ||
| increase annuities under Chapter 824, Government Code. | ||
| SECTION 4. (a) Not later than November 1, 2019, the Teacher | ||
| Retirement System of Texas shall adopt rules necessary to implement | ||
| Section 1575.161(b), Insurance Code, as added by this Act. | ||
| (b) Rules adopted by the Teacher Retirement System of Texas | ||
| under Section 1575.161(b), Insurance Code, as added by this Act, | ||
| must apply to a retiree described by that subsection, regardless of | ||
| whether the termination of the retiree's initial enrollment | ||
| occurred before, on, or after the effective date of the rules or | ||
| this Act. | ||
| SECTION 5. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2019. | ||
