(a)
Any retired member whose health insurance premium is paid under Section 21264 and whose allowance is not sufficient to pay his or her contributions for the health benefit plan coverage provided by his or her employer may continue that coverage by paying to the board the balance of the premium owed plus administrative costs, as determined by the board.
(b)
The retired member shall pay the complementary health premium by remitting to the board quarterly payments in advance.
(c)
The board has no duty to identify, locate, or notify any retired member who may be eligible for programs established by this chapter.
(d)
All moneys received pursuant to this chapter shall be deposited in the Public Employees’ Contingency Reserve Fund established by Section 22910.