|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2007 Laws of Maryland
|
|
|
|
|
|
Ch. 355
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(f) (G) To the extent possible, the assets of the Postretirement Health
Benefits Trust Fund shall be invested in the same manner as those of the several
systems.
(g) (H) [For fiscal year 2008 through fiscal year 2017] PRIOR TO FISCAL
YEAR 2009, no payments may be made from the Postretirement Health Benefits
Trust Fund.
(h) (I) [For fiscal year 2018 and each fiscal year thereafter] BEGINNING
IN FISCAL YEAR 2009, the Board of Trustees [shall] MAY transfer AN AMOUNT
FROM THE POSTRETIREMENT HEALTH BENEFITS TRUST FUND to the [General
Fund] THE DEPARTMENT OF BUDGET AND MANAGEMENT, SUBJECT TO
APPROPRIATION IN THE STATE BUDGET, for the sole purpose of assisting in the
payment of the State's postretirement health insurance subsidy [, the lesser of:
(1) one-quarter of the prior year's investment gains of the
Postretirement Health Benefits Trust Fund; or
(2) the amount necessary to pay the annual health insurance
premiums and other costs that constitute the State's postretirement health insurance
subsidy specified in § 2-508 of this article].
(i) (J) [If for any reason the State discontinues the postretirement health
insurance subsidy specified in § 2-508 of this article or a successor subsidy, the assets
of the Postretirement Health Benefits Trust Fund shall be transferred to the General
Fund.
(j)] On or before October 1, 2009, and on or before October 1 thereafter, the
Board of Trustees shall publish an annual consolidated report that includes:
(1) the fiscal transactions of the Postretirement Health Benefits Trust
Fund for the preceding fiscal year; and
(2) the amount of the accumulated cash, securities, and other assets of
the Postretirement Health Benefits Trust Fund.
(K) THE BOARD OF TRUSTEES MAY ADOPT A TRUST DOCUMENT AND
REGULATIONS TO CARRY OUT THIS TITLE.
34-201.
(a) There is a Blue Ribbon Commission to Study Retiree Health Care
Funding Options.
|
|
|
|
|
|
|
|
|
|
- 2272 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
