Senate Bill 847 – This bill makes the first update to the health insurance subsidies provided to PERS retirees since 1988, when the Tier One and Tier Two subsidies were set at a maximum of $60 per month. SB 847 proposes a modest increase in the monthly subsidy to $100 and to include all members of PERS, including those in OPSRP. SB 847 passed the Senate and is now in the House.
Senate Bill 751: This bill continues the recent focus on Police and Fire retirees by setting up a Task Force on Health Insurance Coverage for Retired Police and Fire PERS Members and directs the task force to evaluate methods of providing health insurance coverage to retired members of PERS who are police officers and firefighters.
Senate Bill 852: This bill is making changes to the IAP post-retirement death payout. Currently, beneficiaries are given the option to take installments or a lump sum. SB 852 would mandate a lump sum payment. The bill also increases the minimum monthly payment for the Police and Fire additional death benefit from $30 to $200. SB 852 passed the Senate and is now in the House.
