Amendment #577 to H3400

GIC Equity

[Sponsors] Mr. Hecht of Watertown moves to amend the bill in Section 2 in item 1108-5200 by striking out the following: “provided further, that the commonwealth’s share of the premiums for active state employees hired on or before June 30, 2003 and their dependents shall be 80 per cent; provided further, that the commonwealth’s share of the premiums for active state employees hired after June 30, 2003 and their dependents shall be 75 percent;” and inserting in place thereof the following: “provided further, that the commonwealth’s share of the premiums for active state employees hired on or before June 30, 2003 whose annual salary is less than $80,000 and their dependents shall be 80 per cent; provided further, that the commonwealth’s share of the premiums for active state employees hired after June 30, 2003 and for active employees whose annual salary is $80,000 or greater, regardless of date of hire, and their dependents shall be 75 percent;”