HB 5569
To reinstate the discount on insurance for retired firefighters hired after 2010
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to restore a discount on health insurance premiums for retired firefighters in West Virginia who were hired after 2010. The West Virginia Public Employees Insurance Agency (PEIA) finance board is directed to reinstate this discount. The bill focuses on ensuring financial stability for PEIA and addresses how the agency’s financial plans are developed and approved, including actuarial reviews and public hearings.
Key provisions
- Reinstates a discount on health insurance premiums for retired firefighters hired after 2010.
- Directs the PEIA finance board to review and approve financial plans for the agency.
- Requires the finance board to consult with an actuary to assess financial stability and plan feasibility.
- Mandates public hearings on proposed financial plans in each congressional district.
- Establishes a framework for revenue estimates and budget planning.
- Specifies a cost-sharing arrangement between employers and employees for retiree benefits (80% employer, 20% employee).
- Outlines procedures for addressing financial emergencies and adjusting premiums.
- Requires submission of annual financial plans to the Governor and Legislature.
Who is affected
- Retired Firefighters
- West Virginia Public Employees Insurance Agency (PEIA)
- Employers contributing to PEIA
- State of West Virginia
- Firefighters hired after 2010
Notable changes
Sponsors
Official sponsors from legislative records.
Primary sponsor
G. Ward
Cosponsors
Flanigan
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