INSURANCE/GROUP-STATE: To provide for the cost share of certain insurance premiums for programs sponsored by the state's Office of Group Benefits (OR INCREASE SG EX See Note)

HB 515 adjusts the state's contribution toward health insurance premiums for eligible state retirees. It specifically applies to state employees who retire after January 1, 2026, and have at least 25 years of full-time service, including 15-20 years in the state's group health insurance program. The bill establishes tiered state contribution rates: 56% for 15-16 years of program participation up to 70% for 19-20 years, whichever is higher. These changes take effect for retirees qualifying under these criteria after 2026, with no impact on retirees covered before that date.