§87A-37 Group life insurance benefits plans for retired employees; contributions. (a) The State, through the department of budget and finance, and the counties, through their respective departments of finance, shall pay to the fund a base monthly contribution as set forth in subsection (b) for each retired employee enrolled in the fund's group life insurance benefits plan under section 87A-34, 87A-35, and 87A-36.
(b) Effective July 1, 2003, there is established a base monthly contribution of $4.16 for each retired employee enrolled in a group life insurance plan; provided that the monthly contribution shall not exceed the actual cost of the group life insurance benefits plan. The base composite monthly contribution shall be adjusted annually beginning July 1, 2004. The adjusted base composite monthly contribution for each new plan year shall be calculated by increasing or decreasing the base composite monthly contribution in effect through the end of the previous plan year by the percentage increase or decrease in the medicare part B premium rate for those years. The percentage shall be calculated by dividing the medicare part B premium rate in effect at the beginning of the new plan year by the rate in effect through the end of the previous plan year.
As used in this subsection, "medicare part B premium rate" means the rate published in the Federal Register each year on November 1 or on the business day closest to November 1 of each year after the medicare part B premium rate has been established by the Secretary of Health and Human Services and approved by the United States Congress. [L 2001, c 88, pt of §1]
Structure Hawaii Revised Statutes
Title 7. Public Officers and Employees
87A. Hawaii Employer-Union Health Benefits Trust Fund
87A-6 Term of a trustee; vacancy.
87A-7 Chair, vice-chair, and secretary-treasurer.
87A-8 Compensation and expenses.
87A-11 Quorum; board actions; voting.
87A-15 Administration of the fund.
87A-16 Health benefits plan; carriers.
87A-17 Group life insurance benefits or group life insurance program.
87A-18 Long-term care benefits plan; carrier or third-party administrator.
87A-19 Plans for part-time, temporary, and seasonal or casual employees.
87A-22 Benefits plan information and enrollment.
87A-23 Health benefits plan supplemental to medicare.
87A-26 Rules; policies, standards, and procedures.
87A-27 Actuarial investigation; valuations.
87A-30 Hawaii employer-union health benefits trust fund; establishment.
87A-31.5 Employer contributions irrevocable.
87A-32 State and county contributions; active employees.
87A-33 State and county contributions; retired employees.
87A-33.5 State and county contribution; reimbursement for retired employees.
87A-34 State and county contributions; retired employees with fewer than ten years of service.
87A-36 State and county contributions; employees hired after June 30, 2001, and retired.
87A-37 Group life insurance benefits plans for retired employees; contributions.
87A-38 State and county contributions not considered wages or salary.
87A-39 Reimbursement for state contributions.
87A-40 Employee-beneficiary contributions; health benefit plans.
87A-41 Employee-beneficiary or qualified-beneficiary contributions; long-term care benefits plan.