Retired state employees-insurance benefits.

03LSO-0213.L1

                                                         

FISCAL NOTE (HB0039)

 

 

 

FY 2004

FY 2005

FY 2006

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Expenditure Increase:

 

 

 

GENERAL FUND

7,930,800

8,326,800

8,744,400

 

Source of expenditure increase:

 

State contribution to group insurance plan for retirees

 

Assumptions:

 

  1. All current rates are in excess of the $300 base contribution for retirees.

 

  1. With $300 state contribution, retiree enrollment levels would increase by 5 percent each year.

 

  1. Initial enrolled retiree population is 2,203.

 

  1. The above estimates include all retirees (state, LSO, judicial, University of Wyoming, and community college).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Dean Temte, LSO    Phone:   777-7881

(information provided by Ralph Hayes, Employees Group Insurance; phone 777-5440)