AN ACT CONCERNING MINIMUM LIFE INSURANCE FOR STATE RETIREES.
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<!-- field: HtmlTitle -->AN ACT CONCERNING MINIMUM LIFE INSURANCE FOR STATE RETIREES.
                      STATE OF CONNECTICUT
Raised Bill No. 418                              Page 1
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
                                            LCO No. 2124
Introduced by (LAB)
                                  General Assembly
                                  February Session, A.D., 1998
AN ACT CONCERNING MINIMUM LIFE INSURANCE FOR STATE RETIREES.
    Be it enacted  by  the Senate and House of Representatives in
General Assembly convened:
    Section 1. Subsection  (d)  of  section  5-257 of the general
statutes is repealed  and  the  following  is substituted in lieu
thereof:
    (d) The insurance  of any employee insured under this section
shall cease on  termination  of  employment, and of any member of
the General Assembly at the end of his term of office, subject to
any conversion privilege  provided  in  the  group life insurance
policy or policies.  Notwithstanding  anything to the contrary in
this section, the  amounts of life insurance of insured employees
retired  in  accordance   with  any  retirement  plan  for  state
employees shall be as follows: The amount of life insurance of an
insured employee retired  on  or before [December 31, 1954, shall
be five hundred  dollars,  the  amount  of  life  insurance on an
insured employee retired  on or after January 1, 1955, but before
July 1, 1957,  shall  be  one-half  of  the  amount for which the
employee  was  insured   immediately  before  retirement  or  two
thousand dollars, whichever  is  less,  and  the  amount  of life
insurance of an  insured  employee  retired  on  or after July 1,
1957, but before  July  5,  1963, shall be one-half of the amount
for which the employee was insured immediately before retirement,
provided in no  case  shall such amount be less than two thousand
dollars nor more  than three thousand dollars; the amount of life
insurance of an insured employee who was retired on or after July
5, 1963, but before July 1, 1967, shall be one-half of the amount
of life insurance  for which the employee was insured immediately
before retirement, provided  in no case shall such amount be less
than three thousand  dollars nor more than five thousand dollars;
and the amount  of  life  insurance of an insured employee who is
retired on or after July 1, 1967, shall be one-half of the amount
of life insurance  for which the employee was insured immediately
before retirement, provided  in no case shall such amount be less
than five thousand  dollars  nor  more  than  seven thousand five
hundred dollars; and  the  amount of life insurance of an insured
employee who is  retired  on or after July 1, 1969] THE EFFECTIVE
DATE OF THIS  ACT,  with  twenty-five  or  more  years  of  state
service, as defined  in  subdivision  (25) of section 5-196, or a
member of the General Assembly who is retired on or after July 1,
1988,  with twenty-five  or  more  years  of  service,  shall  be
one-half of the  amount  of life insurance for which the employee
was insured immediately  before  retirement,  provided in no case
shall the amount  be  less than [seven thousand five hundred] TEN
THOUSAND dollars, those  with  less  than  twenty-five  years  of
service shall receive the proportionate amount that such years of
service is to  twenty-five  years  rounded  off  to  the  nearest
hundred dollars of  coverage,  except  that  the  amount  of life
insurance of an  insured employee who is retired on or after July
1, 1982, under  the provisions of section 5-173 shall be one-half
of the amount  of  life  insurance  for  which  the  employee was
insured immediately before  retirement,  regardless of the number
of years of  service by such employee. In no case shall a retired
employee be required  to  contribute  to  the  cost  of  any such
reduced insurance. For  the purposes of this section, no employee
shall be deemed to be retired so long as his employment continues
under subsections (b) and (e) of section 5-164.
    Sec. 2. This act shall take effect July 1, 1998.
STATEMENT OF PURPOSE:  To increase the minimum life insurance for
state retirees to ten thousand dollars.
    [Proposed  deletions  are   enclosed  in  brackets.  Proposed
additions are all  capitalized  or  underlined where appropriate,
except that when  the  entire  text  of a bill or resolution or a
section thereof is new, it is not capitalized or underlined.]
Co-Sponsors:  SEN. PRAGUE, 19th DIST.; SEN. HANDLEY, 4th DIST.
              SEN. BOZEK, 6th DIST.; SEN. COOK, 18th DIST.
              REP. GERRATANA, 23rd DIST.; REP. MIKUTEL, 45th DIST.
              REP. NYSTROM, 46th DIST.; REP. RORABACK, 64th DIST.
              REP. DIAMANTIS, 79th DIST.; REP. ABRAMS, 83rd DIST.
              REP. DONOVAN, 84th DIST.; REP. TRUGLIA, 145th DIST.
              REP. STONE, 134th DIST.; REP. GERAGOSIAN, 25th DIST.
              REP. MARTINEZ, 95th DIST.; REP. DEMARINIS, 40th DIST.
              REP. DEPINO, 97th DIST.; REP. ESPOSITO, 116th DIST.