ST GROUP INS-RETIRED TEACHERS

Amends the State Employees Group Insurance Act of 1971. With respect to the retired teachers' health benefits plan, beginning with fiscal year 2010, provides that of the total insurance rate of a recipient whose primary residence is outside of Illinois and for whom a managed care program is not accessible, 50% (now, 75%) shall be paid from the Teacher Health Insurance Security Fund. In the case of a retired teacher's dependent beneficiary in such circumstances who is Medicare primary, provides that 12.5% (now, 25%) of the total insurance rate shall be paid from the Teacher Health Insurance Security Fund. Effective immediately.