2012 Senate Bill 1040 ↩

Senate Roll Call 348: The amendment was not adopted

To strip out a provision that would end post-retirement health insurance benefits for new school employees hired starting in 2013, and instead make annual contributions sufficient to prefund these benefits (which under current law are optional and can be cut or eliminated at any time). Reportedly the annual prefunding amount would be around $500 million. Last year, providing these optional benefits to current retirees cost state taxpayers $795 million.