Bill Positions

Bill Number: SB 444

Bill Title: Blue Ribbon Commission to Study Retiree Health Care Funding Options - Extension of Reporting and Termination Dates

Bill Sponsor(s): Sen. Kasemeyer.

Subject: Budget & Taxation

Committee: B&T

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 SB 444 was enacted as Chapter 560.

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.