Articles about the State GIC that may be useful to Massachusetts retirees
Retiree Healthcare Bill Not Included
JANUARY 22, 2013: When Governor Deval Patrick files his FY 14 Budget proposal on Wednesday, it is not expected to contain legislation to reform retiree healthcare. Observers now anticipate a stand-alone bill to be filed in late January or early February that mirrors the report filed by the Special Commission on Retiree Healthcare, issued in December.
Boston Globe Editorial
January 16, 2013
Exempts Current Retirees And Includes Strong Retiree Protections
JANUARY 11, 2013: Governor Deval Patrick has endorsed a report by the Special Commission on Retiree Healthcare that makes significant changes to public retiree healthcare benefits for future retirees, but not for current retirees.
Reform Would Tackle Fiscal Challenges Head-On, Save As Much as $20 Billion over the Next 30 Years
BOSTON – Friday, January 11, 2013 – Governor Deval Patrick today announced plans to file legislation to reform health insurance benefits for retirees that would save as much as $20 billion for the Commonwealth and municipalities over the next 30 years. Today’s announcement builds on the Governor’s record of reform and his Administration’s commitment to fiscal responsibility for the long-run.
December 21, 2012
Mass. Teachers Association
By Matt Murphy
STATE HOUSE NEWS SERVICE
STATE HOUSE, BOSTON, DEC. 20, 2012….State and municipal employees would have to wait until they are older and put in more years of service to qualify for retirement health benefits under a proposal being embraced by the Patrick administration to cut future benefit costs by $20 billion over the next 30 years.
Retiree Protections Include Contribution Rate “Freeze”
DECEMBER 20, 2012: Following nine months of lengthy meetings, detailed analysis and intense negotiations the Special Commission on Retiree Healthcare completed its work today with an 11-1 vote to endorse a proposal that, if passed into law, will save Massachusetts taxpayers at least $15-$20 billion over the next thirty years.
Retirees & Labor Present Unified Front
DECEMBER 3, 2012: After more than eight months of meetings and analysis, the 12-member Special Commission on Retiree Healthcare is now in the process of drafting its report and finalizing its recommendations.
GIC & Special Commission Meetings Held
OCTOBER 26, 2012: On Tuesday, the Special Commission on Retiree Healthcare held its 5th meeting in six months, as it began to outline its report to be issued by December 20, 2012.
The Commission’s legislative mandate is to explore the means to reduce state and municipal retiree unfunded healthcare liabilities. Actuaries have projected the state’s 30-year unfunded liability at $16 billion, while municipal liabilities come in at $30 billion.
Cost Containment RFP Seeks To Reshape Health Plans
OCTOBER 11, 2012: Phase 2 of Health Care Reform is now well underway in Massachusetts, with the state’s Group Insurance Commission (GIC) delivering the opening salvo in the battle over healthcare cost containment.
Since 1968 the Retired State, County and Municipal Employees Association has been the leading voice for Massachusetts public retirees and their families. Join with our 52,000 members as we continue the fight.
