AN ACT AUTHORIZING THE TOWN OF HOPKINTON TO PAY CERTAIN HEALTH INSURANCE PREMIUMS FOR RETIRED EMPLOYEES.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. The town of Hopkinton, in addition to the payment of 50 per cent of a premium for contributory group hospital, surgical, medical and other health insurance and of a premium for the services of a health care organization for employees retired from the service of the town, and their dependents, may pay a subsidiary or additional rate, as determined from time to time by the board of selectmen, of a stated monthly premium as described in section 7A of chapter 32B of the General Laws for contracts of insurance authorized by sections 3and said chapter 32B,, and of a stated monthly premium as described in section 16 of said chapter 32B, for the services of a health care organization for retired employees.
SECTION 2. The board of selectmen of the town of Hopkinton, from time to time as it deems appropriate, may establish such subsidiary or additional rate to be paid by the town for such insurance and services of a health care organization, which subsidiary or additional rate shall be established as a percentage of premium and not pursuant to the "same dollar amount" rule, so-called, which percentage shall be the same for all retired employees subject to the terms hereof.
SECTION 3. This act shall take effect upon its passage.