To repeal a provision that prohibits spending money in a retired legislator health benefit prefunding account until its unfunded liabilities are covered. In other words, they could start using the money right now to pay current retired legislator health care costs. According to the Senate Fiscal Agency, $15 million in a reserve account does not cover the liabilities (which still increase with each new class of lawmakers). Also, many new legislator retirees (they can collect starting at age 55) and a 30 percent cost increase means that $4.2 million appropriated to provide the benefits this year won't cover it.
| 99 Yeas / 11 Nays | |
|---|---|
