To reimburse the state for the costs of providing a life and health insurance plan for retired municipal teachers.
How were the assessments determined?
Each participating municipality is assessed for the governmental share of health and life insurance premiums paid on behalf of its teacher retirees by the state. The state pays 90 percent of the total premium; the retiree's co-payment is 10 percent of the total premium as well as full payment for catastrophic illness coverage.
Why did the assessments change?
Early estimates are based on estimated premium rates. Final assessments appearing on the Cherry Sheet will reflect actual premium rates determined by the Group Insurance Commission.
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