Rule 111-4-1-.13 - Georgia Retiree Health Benefit Fund(1)Functions, Duties and Responsibilities of the Board of Community Health. The Board shall establish the Georgia Retiree Health Benefit Fund (GRHBF). The Board in its official capacity shall be the GRHBF's trustee. The Board shall annually review Other Post Employment Benefits (OPEB) liability. The Board shall determine Annual Required Contributions (ARC), which may not be the same as employer and employee contribution rates. The Board shall also determine annual employer and employee contribution rates. The Board shall collect employee and employer contributions and deposit the contributions into the GRHBF. The Board may utilize the investment services of the Employee Retirement System, Division of Investment Services to invest a portion of the GRHBF for long-term investments. No member of the Board or employee of the Department shall have any personal interest in the gains or profits from any investment made by the Board or use the assets of the GRHBF in any manner, directly or indirectly, except to make such payments as may be authorized by the Board or by the Commissioner as the executive officer of the Board. (a)Establish and Design Plan. The Board is authorized to establish the GRHBF to collect employee and employer contributions for OPEB. The Board shall account for employee and employer contributions by each pension plan, as delineated at 111-4-1-.01(50), separately.(b)Promulgate Regulations. The Board is authorized to adopt and promulgate rules and regulations for the effective administration of the GRHBF.(c)EstablishContributionsonBehalf of Retirees. The Board shall establish by Resolution, contributions by public school teacher retirees, retired public school employees, retired State employees, and any other Annuitant listed at 111-4-1-.01(50) and shall deposit those contributions into the GRHBF. The Board shall consider the actuarial estimates of OPEB in establishing the contributions.(d)Establish Employer Rates. The Board shall establish by Resolution, OPEB employer contribution rates and shall deposit those contributions into the GRHBF.(2)Functions, Duties and Responsibilities of the Commissioner. The Commissioner in his or her official capacity shall be the Administrator of the GRHBF and shall be the custodian of the GRHBF. (a)Administer Regulations and Policies. The Commissioner shall administer the GRHBF consistent with Board regulation and policy. The Department shall contract with the Division of Investment Services of the Teachers Retirement System of Georgia and the Employees' Retirement System of Georgia with respect to GRHBF investments. The Department shall maintain all necessary records regarding the GRHBF in accordance with generally accepted accounting principles. The Department shall collect all moneys due to the GRHBF and shall pay any administrative expenses necessary and appropriate for the operation of the GRHBF from the GRHBF.(b)Annual Report. The Department shall prepare an annual report of GRHBF activities for the Board, the House Appropriations Committee, and the Senate Appropriations Committee. Such reports shall include, but not be limited to, audited financial statements. The reports shall contain the most recent information reasonably available to the Department reflecting the obligations of the GRHBF, earnings on investments, revenue and expenses by pension plan, and such other information as the Board deems necessary and appropriate. This report shall reflect activity on a state fiscal year basis. The Department shall be entitled to any information that it deems necessary and appropriate from a retirement system, as delineated at 111-4-1-.01(50), so that the provisions of Code Section 45-18-103 may be fulfilled.(c)Regulations. The Commissioner shall recommend to the Board amendments to the regulations, submit the approved regulations to appropriate filing entities, cause all regulations to be published, and provide a copy to the Employing Entities.(d)Provide Notice of OPEB Employer Contribution. The Commissioner shall provide notice and certification of the required OPEB employer contribution rate to each of the Employing Entities and the Department of Education on or before June 1st of each year.(3)Duties and Responsibilities of Employing Entity. Each Employing Entity is responsible for complying with these regulations. It shall be the responsibility of State agencies to make contributions to the GRHBF, subject to appropriations, in accordance with the OPEB employer contribution rate established by the Board. It shall be the responsibility of all other Employing Entities to make contributions to the GRHBF in accordance with the OPEB employer contribution rates established by the Board in addition to the employer contributions required to be made to the GRHBF for the health plan as determined from fiscal year to fiscal year. (a)Deduct Enrolled Member Premium Amounts. The Employing Entity shall withhold the contribution rate as approved by the Board.(b)Remit Employer Contributions. The Employing Entity shall calculate and remit the appropriate OPEB employer contribution.Ga. Comp. R. & Regs. R. 111-4-1-.13
O.C.G.A. Secs. 20-2-898, 20-2-926, 45-18-21, 45-18-100 to 45-18-105.
Original Rule entitled "Georgia Retiree Health Benefit Fund" adopted. F. Oct. 15, 2007; eff. Nov. 4, 2007.