Fiscal Note

HB0294 - Benefits and Insurance of Constitutional Officers

State Impact:
Enactment of this bill will not require additional appropriations. As the consitutional officers referred to in the bill retire, their agencies will need to cover annual costs for providing post-retirement benefits. These costs range between $500 and $9,000 per individual and are expected to increase 8 to 12 percent per year due to health care cost inflation.

Individual, Business and/or Local Impact:
If this bill is enacted, retired individuals who have held the designated elected offices will be eligible for post-retirement health insurance coverage.