The employer share of the cost of coverage under a health plan provided by a school corporation for the school corporation's employees may not exceed by more than twelve percent (12%) the employer share of the cost of coverage under the same type of health plan:

1. (1) described in IC 5-10-8-7 (b) or IC 5-10-8-7 (c); and

2. (2) provided by the state for state employees;

   for any twelve (12) month period beginning on the first health plan issue or renewal date that occurs after December 31, 2011.

As added by P.L.200-2011, SEC.2.