Austerity for some, tax cuts for others:
The Joint Legislative Committee on the Unfunded Liability of the Retiree Health Benefit Fund shall examine the following options for reducing the unfunded liability of the Fund:
(1) Increasing the assets in the Retiree Health Benefit Fund through appropriation by the General Assembly.
(2) Increasing the costs of retiree benefits borne by the federal government, by means such as the automatic enrollment of Medicare‑eligible retirees in Medicare Advantage or the offering of financial incentives to early retirees to obtain insurance through the health insurance exchange created under the Affordable Care Act.
(3) Reducing the State’s future liability by transitioning the State’s retiree health benefit from a defined benefit approach to a defined contribution model.
(4) Reducing the number of persons eligible for retiree benefits by increasing the service time requirements for the benefit or by eliminating the benefit for certain groups.
(5) Requiring employees to contribute to the Retiree Health Benefit Fund, as they do to the Teachers’ and State Employees’ Retirement System.
(6) Increasing the amount that retirees pay for their health benefits by means such as increasing premiums or out‑of‑pocket costs.
(7) Any other proposals for reducing the unfunded liability of the Fund identified by the Committee.
The reason 3-6 are italicized is because 1&2 were merely put there to make people think everything’s on the table. Again, classic bait-and-switch. Like when you get that “You are a winner!” glossy bullshit notice in the mail, where you’ve either won a fancy new automobile, $25,000 cash, an all-expense-paid vacation to Cabo San Lucas, or a free photographic portrait sitting, where you end up either stalking out with a frowny-face or ordering $75 worth of pictures. This is a frowny-face bill, and SEANC needs to start lighting torches and sharpening pitchforks.