2011 Senate Bill 407

Transition state employees to defined contribution retirement health benefit

Introduced in the Senate

June 7, 2011

Introduced by Sen. Roger Kahn (R-32)

To transition state employee post-retirement health care benefits to a defined-contribution Health Savings Account type system. This would primarily affect those hired by the state starting in 1997. The bill would also require these pre-1997 employees to contribute 4 percent of salary to their retirement benefit package.

Referred to the Committee on Appropriations