SECTION 1. Paragraph (c) of section 102 of said chapter 32, as so appearing in the 2012 Official Edition, is amended by striking out in lines 32, 36 and 43 the dollar amount $13,000 and inserting in place thereof the following dollar amount: - $16,000.
SECTION 2. Section 9 of said chapter 32B, as appearing in the 2014 Official Edition, is hereby amended by inserting, after the first paragraph, the following paragraph:-
Reductions in the percentage of a governmental unit’s contributions to premiums for retired employees made after January 1, 2017 shall not apply to individuals who retire before the change in contribution percentage takes effect.
SECTION 3. Notwithstanding chapter 32A or 32B of the General Laws, for retired public employees over the age of sixty five and not eligible for the federal Medicare program the maximum amount of deductibles and copayments paid for covered services of group health insurance provided in chapter 32A or 32B during an enrollment year shall not exceed $2,500 for individual coverage and $5,000 for family coverage.
SECTION 4. Notwithstanding any law or regulation to the contrary, there shall be established and set up on the books of the commonwealth a separate fund, to be known as the Medicare Ineligible Retiree Mitigation Fund. The fund shall be used be administered by the Group Insurance Commission. The commission may expend amounts in the account to pay the costs of deductibles and copayments for covered services of retired employees defined in section 3 of this act that exceed $2,500 for individual coverage and $5,000 for family coverage but are less than $5,000 and $10,000 respectively.
SECTION 5. The provisions of section one of this act shall take effect for cost of living adjustments to be made, in accordance with the provisions of section 102 of said chapter 32, commencing July 1, 2017.
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