Amend CSHB 1 Article III, Teacher Retirement System, Rider 5, to read as follows contingent upon the passage of HB 2001:
State Contribution to Texas Public School Retired Employees Group Insurance Program. The amounts specified above in A.2.1, Retiree Health-Statutory Funds, $136,349,002 $272,698,004 in fiscal year 2012 and $139,075,982 $278,151,964 in fiscal year 2013 are based on a state contribution rate of 0.50 1.0 percent of payroll for each fiscal year, estimated.
The retirement system shall notify the Legislative Budget Board, the Governor, and its membership prior to establishing premiums, regarding the impact such premiums will have on retiree costs for TRS-Care insurance.
It is the intent of the Legislature that the Teacher Retirement System control the cost of the retiree insurance program by not providing rate increases to health care providers and pharmacy providers during the 2012-13 biennium without providing 60 days notice to the Legislative Budget Board.