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Martin O'Malley, Governor
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H.B. 1247
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(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.
(b) The Commission shall consist of the following members:
(1) [three] FIVE members from the Senate of Maryland, appointed by
the President of the Senate [, including:
(i) the Senate Chair of the Joint Committee on Pensions; and
(ii) two members from among the members of the Joint
Committee on Pensions];
(2) [three] FIVE members from the House of Delegates, appointed by
the Speaker of the House [, including:
(i) the House Chair of the Joint Committee on Pensions; and
(ii) two members from among the members of the Joint
Committee on Pensions] ;
(3) the State Treasurer, or the Treasurer's designee;
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- 4847 -
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