LCPR05-167
1.1 M ............... moves to amend S.F. No. 438; H.F. No.
1.2 2093, as follows:
1.3 Page 1, line 15, delete "; HEALTH PREMIUM"
1.4 Page 1, line 16, delete "DEDUCTION"
1.5 Page 1, line 17, delete "(a)"
1.6 Page 1, line 19, delete the underscored language and strike
1.7 the balance of the line
1.8 Page 1, strike lines 20 through 24
1.9 Page 5, line 13, after "3." insert "HEALTH AND DENTAL
1.10 INSURANCE PREMIUM DEDUCTION. (a) The governing board of the
1.11 covered retirement plan may direct, at its discretion, the
1.12 deduction of the health insurance or dental insurance premiums
1.13 of a retiree and the transfer of those amounts to a health or
1.14 dental insurance carrier covering active members of the covered
1.15 retirement plan.
1.16 (b) To qualify to receive the transfer of premium
1.17 deductions, the insurance carrier must certify that the retiree
1.18 has signed an authorization for the deduction and must provide a
1.19 computer readable roster of covered retirees and insurance
1.20 premium amounts.
1.21 (c) An insurance carrier under paragraph (b) must refund to
1.22 the retiree directly any deduction from the payment to the
1.23 retiree withheld in error. The insurance carrier also must
1.24 assume the liability for any failure of the covered retirement
1.25 plan to properly withhold the premium amounts.
1.26 (d) An insurance carrier under this paragraph shall
1.27 reimburse the retirement plan for the reasonable administrative
1.28 expense of the plan in withholding provision amounts.
1.29 Subd. 4."
1.30 Page 7, line 30, delete "subdivision" and insert
1.31 "subdivisions" and after "1a" insert "and 3"
1.32 Amend the title accordingly