2012 Legislation

Public Act 12-104, AN ACT MAKING ADJUSTMENTS TO STATE EXPENDITURES FOR THE FISCAL YEAR ENDING JUNE 30, 2013.

Health insurance for retired teachers participating in Medicare for fiscal year 2013, this act reduces the premium share payable by the General Fund to the amount it appropriates for this purpose, which is 25% of the cost of the basic plan's premium. To compensate for the reduction in the state's payment, the act increases the share paid by the retired teachers' health insurance premium account to 42%. The retired teacher's share remains unchanged at one-third. Effective on passage June 8, 2012

Public Act 12-107, AN ACT CONCERNING BENEFITS FOR SURVIVING SPOUSES UNDER THE TEACHERS' RETIREMENT SYSTEM. 

An act expanding the benefit options available to the surviving spouse of a teacher who did not name a spouse as the sole designated beneficiary. It allows the surviving spouse who was not designated as the sole beneficiary the same benefit options as those who were named sole beneficiary, provided the teacher was eligible for a retirement benefit. Effective on passage June 8, 2012 and applicable with respect to members who died on or after January 1, 2008.