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Bill Positions
Bill
Number: HB 771
Bill Title:
Blue Ribbon Commission to Study Retiree Health Care Funding Options - Extension of Reporting and Termination Dates
Bill Sponsor(s):
Delegate Griffith, et al
Subject:
Budget & Taxation
Committee:
APP
Bill Summary:
This bill will extend the duration of the Blue Ribbon Commission to Study Retiree Health Care Funding Options, provide for a second interim report by 12/31/10, and require a final report by 12/31/11.
History: The Blue Ribbon Commission to Study Retiree Health Care Funding Options was established in 2006 to make recommendations on how to address the State's $15 billion unfunded liability for employees' and retirees' health insurance costs. In 2008 the Commission was extended to 12/31/09. In 2010 HB 771 was enacted as Chapter 561.
Chamber Position: Support
Position
Summary: State costs for employee and retiree health insurance have grown by $374 million since FY 02, a 77% increase. The $15 billion unfunded liability for future costs continues to grow unabated. We recommend that the Commission address this urgent problem this year.
Position Statement: To view the Chamber's complete position statement, click here (pdf).
Chamber Staff: Ronald Wineholt
General
Assembly: Click
here to view the bill on the Maryland General Assembly's
website.
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