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Amend the amendment in section 1 in subsection 3 by striking out all of the last blocked paragraph (page 1, lines 27 to 34 and page 2, lines 1 and 2 in amendment) and inserting the following:
 
‘For the fiscal years ending June 30, 2012, June 30, 2013, June 30, 2014 and June 30, 2015, the State's total cost for retired teachers' health insurance premiums is budgeted at the fiscal year 2010-11 funding level adjusted for projected membership growth. The increase in the State's total cost for retired teachers' health insurance premiums for fiscal years ending after June 30, 2015 is budgeted at no more than any percentage increase in the Consumer Price Index as defined in Title 5, section 17001, subsection 9 plus 3%. A provider of a health insurance benefit plan for retired teachers must make available data related to the provider's premium costs and any related data as requested by the Executive Director of Health Insurance within the Department of Administrative and Financial Services.’
 
SUMMARY
This amendment removes the language that caps the increase in the State's total cost for retired teachers' health insurance premiums for certain fiscal years. It retains the current requirement that the State pay 45% of a retired teacher's share of the premium for group accident and sickness or health insurance.