SB 0496 PSRS Employees: Termination Or Other State Employment
LR Number:S2329.01I Fiscal Note:2329-01
Last Action:02/06/96 - SCS Voted Do Pass S Education Committee
Effective Date:August 28, 1996
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Current Bill Summary

SCS/SB 496 - The act provides that Public School Retirement System (PSRS) health plan contracts shall allow employees who terminate employment and are vested in PSRS to choose, within 121 days, to continue health plan coverage, similar to that provided for MOSERS employees. A school district shall, at the time the employee terminates employment, inform the person eligible to continue to receive health plan coverage of the 121 day period within which to elect to continue coverage. Currently, PSRS who have retired may elect to remain or become a member of the plan within one year of the date of retirement.