Breaking News

CVS CareMark Retained by GIC

Reduces Costs by $145m Over Three-Years

FEBRUARY 18, 2015: Following an extensive search process, the state’s Group Insurance Commission (GIC) voted to retain CVS CareMark for at least another three-years beginning July 1, 2015. The Rhode Island-based firm has been the pharmacy benefits manager (PBM) for the GIC’s UniCare plans since 2010.

GIC APPROVES 2016 COPAYMENT & DEDUCTIBLE HIKE

Association Deeply Opposes $60m Cost Shift

FEBRUARY 17, 2015: Over the objections of our Association and union representatives, the Commonwealth’s Group Insurance Commission (GIC) voted to increase copayments and deductibles for Fiscal Year 2016, beginning July 1, 2015.

While this increase marks the first of its kind in more than five years, Association officials strongly oppose what we view as further cost shifting onto the backs of retirees and employees who utilize their insurance benefits.

Association Opposes Increased Copayment & Deductibles

Association Opposes Increased Copayment & Deductibles

GIC Holds Annual Public Hearing

February 4, 2015:  Association officials were present and offered testimony at the state Group Insurance Commission’s (GIC) annual public hearing held today at the State House.

ATTENTION STATE RETIREMENT SYSTEM MEMBERS

ATTENTION STATE RETIREMENT SYSTEM MEMBERS

THERESA MCGOLDRICK ENDORSED FOR STATE RETIREMENT BOARD

Retired state employees who are members will shortly receive a ballot for a very important election. As you know the State Retirement Board has two elected members who serve on staggered three-year terms – Ralph White and Theresa McGoldrick

RETIREMENT SYSTEMS ISSUE 2014 1099

Blizzard May Cause Postal Delays

JANUARY 29, 2015: Tax documents for retired Massachusetts public employees are now in the process of being issued by the 10 retirement systems.

The IRS gives retirement boards (and all employers) through January 30th to issue 1099s to those retirees and surviving spouses who received a retirement allowance in 2014. Some systems have already mailed the forms to retirees. All members should receive their 1099 document by the end of the first week of February.

RETIREE LEGISLATIVE PACKAGE FILED

14 Proposals For 2015-16 Session

JANUARY 16, 2015: The Association has completed the filing process for its 2015-16 Legislative package. Under joint House-Senate rules, the deadline was Friday, January 16, 2015 at 5:00 pm.

All told, fourteen separate bills make up the Association’s proposal for the new session that began on January 7th and lasts through the first Tuesday in January 2017. Bills will shortly be assigned numbers and be assigned to various committees for review.

DISABILITY EARNINGS UPDATE NOW LAW

Legislature & Patrick Act at 11th Hour

JANUARY 8, 2015: Moments before taking his “lone walk” down to the front steps of the State House on his final evening as Governor of Massachusetts, Deval Patrick signed into law our Association’s bill adjusting the outside earnings limits of accidental disability retirees – now Chapter 492, Acts of 2014.

Winter 2015 Association Meetings Approach

Pompano Beach, Tewksbury and St. Petersburg Locations

The Association will be holding its annual winter membership meetings in January and February. Association members are encouraged to attend and welcome to bring a guest. Please note, all Association meetings now begin at 11:00am unless otherwise noted.

GIC REPORTS $120 MILLION DEFICIT

Adds Pressure to Growing State Budget Gap

DECEMBER 19, 2014: As reported in the January 2014 edition of the Voice, the state’s Group Insurance Commission (GIC) is grappling with a significant budget deficit for the current fiscal year.

However, it now appears that the problem is more significant than previously thought. At today’s GIC meeting, Executive Director Dolores Mitchell characterized the deficit as being “north of $120 million” – some $70 million higher than previously thought.

WARNING SIGNS FROM GIC

Budget Shortfall Could Trigger Benefit Changes in 2015

NOVEMBER 21, 2014: At its monthly meeting, the state’s Group Insurance Commission discussed a growing concern for the health plan administrators, as well as our Association – a growing multimillion dollar budget shortfall, combined with a downturn in state tax collections.