Sec. X-1. 20-A MRSA §13451, sub-§3, ¶¶B and C, as amended by PL 2003, c. 451, Pt. OO, §1, are further amended to read:
B. Thirty-five percent from July 1, 2002 to July 31, 2003; and
C. Forty percent after July 31 from August 1, 2003. to September 30, 2005; and
Sec. X-2. 20-A MRSA §13451, sub-§3, ¶D is enacted to read:
D. Forty-five percent after September 30, 2005.
Sec. X-3. 20-A MRSA §13451, sub-§3-B is enacted to read:
3-B. Plan experience. If at the end of a contract year a plan under this section experiences a rebate, investment gain or other positive gains, the State shall share that gain at the same percentage of premium participation.
Sec. X-4. Appropriations and allocations. The following appropriations and allocations are made.
EDUCATION, DEPARTMENT OF
Retired Teachers' Health Insurance 0854
Initiative: Provides funding for the increase in the state share of retired teachers' health insurance from 40% to 45%, beginning October 1, 2005.
GENERAL FUND 2005-06 2006-07
All Other $1,323,566 $1,888,288
__________ __________
GENERAL FUND TOTAL $1,323,566 $1,888,288
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