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HEALTHCARE
COST CONTAINMENT COMMITTEE |
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55 ELM
STREET HARTFORD, CONNECTICUT 06106-1775 Telephone (860) 702-3480 Facsimile (860) 702-3556 |
| STATE OF CONNECTICUT | ||
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HEALTHCARE POLICY & BENEFIT SERVICES DIVISION OFFICE OF THE STATE COMPTROLLER |
The SEBAC 2009 Agreement requires that employees who are first hired or rehired after July 1, 2009, contribute 3% of their compensation to offset the cost of future retiree healthcare benefits. This requirement only applies to employees eligible for State-paid healthcare benefits.
The duration of required contributions to the Retiree Health Fund will be:
The following employees are not required to contribute to the Retiree Health Fund: employees who are not eligible for State-paid health benefits; employees who establish that they have retiree health coverage from another employer; or adjunct faculty members who are only intermittently eligible for State-paid active employee health coverage. Waiver of active State paid healthcare benefits does not exempt you from making this contribution.
Newly hired and rehired employees beginning after July 1, 2009 are required to fill out a new form, the CO-1300, which will record the start and estimated stop dates for your 3% deduction, summarize any prior State service and, if applicable, indicate the basis for an exemption from the requirement.
Completion of this form is important as it will be used to monitor your future qualification for retiree health coverage, record prior service or exempt status, and, most importantly, act as a reminder when deductions should be stopped.
Deductions for some covered employees did not start timely. Such employees must still contribute to the Retiree Health Fund for the required duration. You have the option of making up missed contributions now (over the same period of time as the deductions should have been collected) or extending the end date for the deduction. You will not be eligible for retiree health benefits until required contributions to the Retiree Health Fund have been made in accordance with the SEBAC Agreement.
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