SB616 HFIN AMT 3-10 AC
The Committee on Finance moved to amend the title of the bill to read as follows:
Eng. S. B. 616 – “A BILL to amend and reenact §4-11A-18 of the Code of West Virginia, 1931, as amended; to amend and reenact §5-16-3 and §5-16-5 of said code; to amend and reenact §5-16D-1 and §5-16D-6 of said code; to amend said code by adding thereto a new section, designated §15-16D-7; to amend and reenact §11-10-5d of said code; to amend and reenact §11-21-96 of said code; to amend and reenact §11B-2-20 of said code; and to amend and reenact §18-9A-24 of said code, all relating to the provision of health insurance benefits by the Public Employees Insurance Agency generally; capping the amount the finance board may include in the financial plans as subsidy for the cost of coverage for certain retired employees; escalating the funding; requiring director to report on certain payment and delivery system reforms; authorizing the director and the finance board to change copayments and coinsurance rates under certain circumstances; defining “contractually required contribution”; authorizing the finance board to set minimum annual required contribution below annual required contribution; specifying that each participating government entity is required to remit annual contractual obligation; authorizing the Tax Commissioner to disclose certain return information to the Public Employees Insurance Agency; authorizing the transfer of certain moneys into the West Virginia Retiree Health Benefit Trust Fund from the Revenue Shortfall Reserve Fund - Part B; authorizing the transfer of $45 million to the West Virginia Health Benefit Trust Fund upon certain circumstances; authorizing the transfer of $50,400,000 to the West Virginia Health Benefit Trust Fund upon certain circumstances; specifying that the foundation allowance for Public Employees Insurance Fund shall be paid directly to the West Virginia Public Employees Insurance Agency and each county board shall reflect its share of the payment as revenue on its financial statements to offset the applicable portion of its annual contractually required contribution expense; and providing that any amount of annual contractually required contribution allocated to and billed county boards of education at any period for certain employees is a liability of the state until fully paid.”.