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At the urging of the Group Insur- ance Commission and Mass Retirees, the State Legislature and Governor Charlie Baker worked together in late March to quickly head off a pending nightmare for the 10,000 teachers participating in the state’s Retired Municipal Teacher (RMT) Program.
The quick passage of this new law will help to lower and stabilize health insurance contribution pre- miums, as well as provide RMTs
Legislature & Governor Act Quickly to Avoid Premium Spike
with the same health plan choices as all other 425,000 GIC insureds. Teachers retired from the 46 school systems participating in the RMT Program will shortly be notified of their GIC health plan options and rates for FY19.
GIC Open Enrollment began
Wednesday, April 4th and continues until Wednesday, May 2nd.
In mid-March, Governor Baker filed H4313, a bill that will legally move the RMT program from Pool 2 into the GIC’s Pool 1. Under the RMT law crafted in the early 1970s, participants in the RMT program were required to be grouped in their own pool, separate from state retirees and employees, as well as other municipal participants in the
Please See Page 5 ☞
GIC UPDATE
RETIRED TEACHERS’ INSURANCE SAvED
MAY 2018
PUBLIC SERVICE COMMITTEE: Hearing on RMTs
Legislative Director Shawn Duhamel Answering Questions
Committee Listening To Testimony By GIC Executive Director Roberta Herman
that the line would be held on further increases came in February, soon after Mass Retirees had published our March edition of the Voice and before the announcement of the FY19 rates (which average a zero % increase).
After a three-year period where copayments and deductibles increased by nearly $500 million, the freeze for FY19 is welcome news for retirees and active employees alike.
“We are very thankful that the GIC has held the line on any further increases in out-of- pocket costs. The recent cost shifts have created financial difficulties for many of our older retirees, who retired many years ago with modest pensions and limited Social Security benefits,” said President Frank Valeri. “Mass Retirees is now working with GIC officials to address our concerns over affordability, par- ticularly for our older non-Medicare retirees.”
UPCOMING AREA MEETINGS
Leominster
Friday, April 20, 2018 at 11:00 A.M.,
Double Tree by Hilton
99 Erdman Way, Leominster
North Shore
Friday, May 4, 2018, 11:00 A.M.,
Marriott Peabody,
8A Centennial Drive, Peabody
Boston
Friday, May 11, 2018, 11:00 A.M.,
Florian Hall,
55 Hallet Street, Dorchester
Springfield
Friday, May 18, 2018, 11:00 A.M.,
Dante Club,
1198 Memorial Ave., West Springfield
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