Retirees, counties and unions urge changes after Ways and Means hearing on LEFT 1 termination and surplus transfers At a lengthy public hearing, staff outlined a plan to terminate LEFT Plan 1 on 06/30/2029 and restart a restated plan funded at 110% of actuarial liability; hundreds of retirees, local officials and unions testified, urging protections for retiree medical benefits, local cost relief, and a benefit enhancement before any surplus is redirected to the general fund or the Climate Commitment Account.

A proposed bill set to terminate Washington's historic LEFT Plan 1 by 2029 has sparked fierce opposition from retirees and unions, who demand protections for their benefits and local obligations.

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#WA #RetireeBenefits #CitizenPortal #LocalGovernment #PensionReform

School board approves change to Humana-based post-65 retiree health plan after steep renewal West Allis-West Milwaukee School District trustees approved a revised post-65 retiree medical and prescription plan that moves the district to a Humana Medicare Advantage package after carriers quoted large increases tied to 2025 federal changes and rising specialty drug and hospital costs.

The West Allis-West Milwaukee School Board has approved a new Humana Medicare Advantage plan for retirees, responding to significant cost increases and changes in federal policies.

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#WI #CitizenPortal #MedicareAdvantage #HealthcareReform #RetireeBenefits

Marcy presents new funding strategies for OPEB liabilities to school district board Marcy outlines funding options for OPEB liabilities including levies and trust management.

Brainerd Public Schools is considering a game-changing OPEB levy that could secure an additional $450,000, reshaping its financial future for retirees.

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#MN #CitizenPortal #RetireeBenefits #FinancialTransparency #EducationFunding #MinnesotaPublicSchools

Investment managers report positive returns amid challenges in private equity and real estate Investment returns improve with private equity showing significant changes and liquidity increasing.

St. Mary's County's Retiree Benefit Trust is navigating a promising financial landscape with strong investment returns and a strategic shift toward liquidity in private equity.

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#County #MD #CitizenPortal #InvestmentPerformance #FinancialSustainability #RetireeBenefits

Worcester City Council addresses $1.2B OPEB liability and federal funding risks Worcester plans to mitigate $1.2B OPEB liability and safeguard federal funding for vital programs

Worcester faces a daunting $1.2 billion liability for retiree health care, sparking urgent discussions about financial planning and federal funding risks.

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#MA #FederalFunding #RetireeBenefits #CitizenPortal #WorcesterSchools #PublicFinance

Spokane County explains VEBA trust benefits for retiree health care costs Spokane County officials discuss VEBA's role in managing retiree health care expenses.

Franklin County's commissioners are tackling the rising healthcare costs that could force employees to delay retirement, all while discussing the crucial VEBA Trust designed to ease their financial burden.

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#FranklinCounty #WA #RetireeBenefits #CitizenPortal

Kentucky lawmakers advance HB 744 for electronic vendor payments amid mail delays House Bill 744 aims to streamline county payments through electronic transactions for vendors.

Kentucky lawmakers are taking a bold step forward by passing House Bill 744, aiming to revolutionize county payments and tackle the challenges of delayed mail and check security!

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#KY #FinancialSecurity #LegislativeReform #RetireeBenefits #CitizenPortal

Justice Department asks Supreme Court to rule narrowly on whether the ADA protects retirees The ADA protects from discrimination someone who can perform a job with a reasonable accommodation. Does it also protect retirees?

The Supreme Court will hear Stanley v. City of Sanford, addressing if retirees can challenge post-employment benefit changes under the ADA. This case could redefine protections for disabled retirees.

www.usatoday.com/story/news/p... #ADA #SupremeCourt #DisabilityRights #RetireeBenefits