NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.



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F I S C A L I M P A C T R E P O R T





SPONSOR: McKibben DATE TYPED: 02/09/00 HB
SHORT TITLE: Ament Retiree Health Care Act SB 435
ANALYST: Eaton


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
Recurring

or Non-Rec

Fund

Affected

FY00 FY01 FY00 FY01
unknown recurring Retiree Health



(Parenthesis ( ) Indicate Expenditure Decreases)



SOURCES OF INFORMATION



Legislative Finance Committee (LFC)



SUMMARY



Synopsis of Bill



This bill amends the retiree healthcare act to include former legislators, former members of certain boards and certain former county and municipal officers. The payment of monthly premiums shall cover the cost of administering the plan.



Significant Issues



It is unknown at this time what this impact would have on the Retiree Health Care Fund.



FISCAL IMPLICATIONS



What impact this bill would have is unknown at this time. Depending on the number of persons who elect to participate, and the incidence of new claims resulting from this change, this may have significant impacts on the retiree health care fund. A formal actuarial study on the impacts of this legislation would be appropriate.



JE/njw