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GIC HIGHER PREMIUM COST REJECTED BY COMMITTEE

The House Ways and Means Committee released its FY 16 budget proposal this afternoon. We are still in the process of analyzing the entire budget, but wanted to share some early good news with you:   

The committee budget rejects Governor Baker’s proposal to shift more GIC premium costs to state and higher education employees.  The budget must still be voted on by the entire House and we must still fight to ensure that the Senate rejects Governor Baker's proposal.  However, today's action by the Ways and Means Committee is a major victory in this ongoing battle.  Jim and Molly will keep us informed of future developments.