STUDY UNFUNDED LIABILITY/RETIREE HEALTH FUND.

View NCGA Bill Details2015-2016 Session
Senate Bill 808 (Public) Filed Tuesday, May 3, 2016
AN ACT TO ESTABLISH A JOINT COMMITTEE TO STUDY THE UNFUNDED LIABILITY OF THE RETIREE HEALTH BENEFIT FUND, AS RECOMMENDED BY THE JOINT LEGISLATIVE PROGRAM EVALUATION OVERSIGHT COMMITTEE.
Intro. by Hartsell, Foushee, Krawiec.

Status: Ref To Com On Rules and Operations of the Senate (Senate Action) (May 4 2016)

Bill History:

S 808

Bill Summaries:

  • Summary date: May 3 2016 - More information

    Identical to H 1027 filed on 3/3/16.

    Establishes the Joint Legislative Committee on the Unfunded Liability of the Retiree Health Benefit Fund (Committee) as a 13-member Committee with members as follows: five members each from the Senate and the House, the State Treasurer or designee, the State Executive Administrator of the State Health Plan, and a representative of the Board of Trustees of the State Health Plan for Teachers and State Employees. Sets out seven options for reducing unfunded liabilities of the Retiree Health Benefit Fund that the Committee must examine, including increasing assets in the Retiree Health Benefit Fund through appropriation by the General Assembly, and reducing the number of persons eligible for retiree benefits by increasing the service time requirements for benefits or by eliminating benefits for certain groups.

    Requires the Committee to issue a final report of findings and recommendations to the 2017 Regular Session of the General Assembly, after which the Committee is terminated.


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