(a) The Department of Finance and Administration shall seek the advice of the Legislative Council and the House Committee on Insurance and Commerce and the Senate Committee on Insurance and Commerce before additional state contributions can be made to the State and Public School Life and Health Insurance Program on behalf of state employees.
(b) Participating entities shall make a monthly contribution equal to the number of budgeted state employee positions multiplied by the monthly contribution authorized by the Chief Fiscal Officer of the State, not to exceed four hundred fifty dollars ($450) monthly for each state employee budgeted position into a fund designated for state employee health benefits to partially defray the cost of life and health benefits for state employees and retirees participating in the program.
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