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Committee adopts amendment to extend retiree health insurance subsidy eligibility to OPSRP members; fiscal impact remains indeterminate
Summary
Senate Bill 847 (dash 1) would change the calculation of the retiree health insurance account (RHIA) subsidy to $100 or total monthly cost of coverage, whichever is less, and make Oregon Public Service Retirement Plan members eligible for RHIA/RIPA subsidies; committee adopted the dash 1 amendment and sent the bill to the floor with a due-pass
The Senate Committee on Labor and Business adopted a dash 1 amendment to Senate Bill 847 on March 11 that changes the RHIA (retirement health insurance account) subsidy formula and makes members of the Oregon Public Service Retirement Plan eligible to receive retiree health insurance premium account and retirement health insurance account subsidies under PERS rules.
Committee staff explained the dash 1 amendment alters section 1 of the bill to change the…
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