RETIRED EMPLOYEE-INSURANCE

Amends the Illinois Administrative Procedure Act to grant the Director of Central Management Services the power to adopt emergency rules to alter the contributions to be paid by the State, annuitants, survivors, retired employees, or any combination of those entities. Amends the State Employees Group Insurance Act of 1971. Deletes the following defined terms: "New SERS annuitant", "New SURS annuitant", "New TRS State annuitant", "New SERS survivor", "New SURS survivor", and "New TRS State survivor". Deletes provisions that require the State to contribute toward the cost of coverage under the basic program of group health benefits an amount that is equal to 5% of that cost for each full year of creditable service. Provides that, beginning on the effective date of the amendatory Act, the Director of Central Management Services shall, on an annual basis, determine the amount that the State shall contribute toward the basic program of group health benefits on behalf of annuitants, survivors, and retired employees. Provides that contributions required of annuitants, survivors, and retired employees shall be the same for all retirement systems and shall be based on a sliding scale that takes into account the following variables: (i) length of service, (ii) ability to pay, (iii) pension income, (iv) Medicare eligibility, and (v) whether an individual has made an election under a specific provision in the State Universities Article of the Illinois Pension Code. Specifies that the amount to be contributed under these provisions by an annuitant, survivor, or retired employee for the program of health benefits provided under the Act shall not, in any event, decrease from the amount that the annuitant, survivor, or retired employee was required to contribute toward the cost of coverage for those benefits in State fiscal year 2012. Effective July 1, 2012.