SUMMARY--Establishes for next biennium amount to be paid by state for group insurance for participating officers and employees. (BDR S-1859)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: Yes.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to programs for public employees; establishing for the next biennium the amount to be paid by the state for group insurance for participating officers and employees; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1 For the purposes of NRS 287.044 and 287.0445 and subsection 1 of NRS 287.046, the state's share of the cost of premiums or contributions for group insurance for each public officer or employee who elects to participate in the state's group insurance program is:
1. For the fiscal year 1997-1998, $247.34 per month.
2. For the fiscal year 1998-1999, $264.51 per month.
Sec. 2 For the purposes of subsection 2 of NRS 287.046, the base amount for the state's share of the cost of premiums or contributions for group insurance for each person who is retired from the service of the state and continues to participate in the state's group insurance program is:
1. For the fiscal year 1997-1998, $139.35 per month.
2. For the fiscal year 1998-1999, $149.02 per month.
Sec. 3 This act becomes effective on July 1, 1997.